pull down to refresh
30 sats \ 0 replies \ @Solomonsatoshi 22h \ parent \ on: When Economics Attack: Monero’s Crisis, Misaligned Airdrops, and Zombie Chains econ
Could Bitcoin suffer a similar ultimate fate?
The rapid increase in corporate custody and the dominant narrative of Bitcoin now being a speculative commodity (as opposed to it being a p2p payments protocol) have caused transaction volumes to decay reducing fees inputs into mining income.
Does the capture and control of the Bitcoin narrative by speculators endanger the viability of the longer term Bitcoin mining/security ecosystem?