But I am addressing your assumption that current settlement demand is unsustainable (too low).
Since the difficulty adjustment exists, Bitcoin hashrate will automatically adjust for any energy price / settlement demand.
The projection that (because of a supposed lack of future settlement demand) future hashing power required per block will cost more than block rewards is probably incorrect.
The difficulty adjustment prevents it.
My projection is interesting because it shows that the “never sell your Bitcoin” hoarders will incentivize hashrate through the higher energy/Bitcoin value, just like higher settlement demand will.
So I think maybe we should focus on better pay server UI for merchants and customers instead of shaming people and using fear to force them into bitcoin based spending habits.
nicnym
npub1jr…lpnqf
2025-05-02 02:55:00
in reply to nevent1q…e8dj
Author Public Key
npub1jr4jqdjwag3uxg9h2prkkdnh9df530efvrgddw55zgu62ak2x9gqylpnqfPublished at
2025-05-02 02:55:00Event JSON
{
"id": "015d876817344deb11a13c7b52c6f47bf6ae80c1ca9ecfa4dbe556276520b215",
"pubkey": "90eb20364eea23c320b750476b36772b5348bf2960d0d6ba941239a576ca3150",
"created_at": 1746154500,
"kind": 1,
"tags": [
[
"e",
"20b8defffff8ad7835d539241112faf8381bda97ef21e877c246964c8a195886",
"",
"root"
],
[
"e",
"5e7b157476b8ae47b29986012149de8bceea278cfbb72ab460b4bc4d93bb5720",
"",
"reply"
],
[
"p",
"74ffc51cc30150cf79b6cb316d3a15cf332ab29a38fec9eb484ab1551d6d1856"
],
[
"p",
"90eb20364eea23c320b750476b36772b5348bf2960d0d6ba941239a576ca3150"
],
[
"p",
"7999814161743f2279006ab10cfd83bd33adff23c85e5d9d0949fdd60f8f1901"
],
[
"p",
"ccaa58e37c99c85bc5e754028a718bd46485e5d3cb3345691ecab83c755d48cc"
],
[
"p",
"f728d9e6e7048358e70930f5ca64b097770d989ccd86854fe618eda9c8a38106"
]
],
"content": "But I am addressing your assumption that current settlement demand is unsustainable (too low). \n\nSince the difficulty adjustment exists, Bitcoin hashrate will automatically adjust for any energy price / settlement demand. \n\nThe projection that (because of a supposed lack of future settlement demand) future hashing power required per block will cost more than block rewards is probably incorrect. \n\nThe difficulty adjustment prevents it. \n\nMy projection is interesting because it shows that the “never sell your Bitcoin” hoarders will incentivize hashrate through the higher energy/Bitcoin value, just like higher settlement demand will. \n\nSo I think maybe we should focus on better pay server UI for merchants and customers instead of shaming people and using fear to force them into bitcoin based spending habits. ",
"sig": "723213ce1e43aadfad3a16a4875fa938c6b29d4e05544c5f444e3151a17c9ea07ab9213d2282e4eb37cf32a4f8ecf23a5dfb8d1bd10d5255f933130623d49164"
}