0 sats \ 1 reply \ @iguano 6 Sep 2023 \ parent \ on: Tail Emissions Are A Terrible Idea bitcoin
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.
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0 sats \ 0 replies \ @rijndael 7 Sep 2023
I dont think the question is whether fees will be more, the question is whether fees will be enough
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