altcoins such as BCH manage to stay operational despite much lower miner revenue.
I used the altcoin example to show how the miners adapt to the environment, no need of protocol change to maintain security.
I believe the BCH example is bad as is a minority hash chain (SHA256). making it more insecure of what bitcoin will be in the future when we do not have the subsidy. I used this example to make a point of how the miners will behave. In the future, Miners will use the best technology increasing their efficiency and increase the hashrate even more of what we have today.
I doubt one would risk settling a $1B transaction on Bitcoin if the block reward amounted to $1k.
Today (09-06-2023) the last block reward was 8600$
I don't understand why you think is going to be less in the future.
I used the altcoin example to show how the miners adapt to the environment, no need of protocol change to maintain security.
I believe the BCH example is bad as is a minority hash chain (SHA256). making it more insecure of what bitcoin will be in the future when we do not have the subsidy. I used this example to make a point of how the miners will behave.
In the future, Miners will use the best technology increasing their efficiency and increase the hashrate even more of what we have today.
Today (09-06-2023) the last block reward was 8600$
I don't understand why you think is going to be less in the future.
https://imgprxy.stacker.news/6YZXvuc3sG3tlvnUsRWXwZfBTqyn7XMhqcWzrqtPfYs/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9RUDFtTzZsLnBuZw