10 sats \ 1 reply \ @2bithits 4 Oct 2022 \ on: The Bitcoin Tail Emissions Debate bitcoin
Ill make a prediction.
If dollars are still around in a hundred years, bitcoin will be in the billions making the 1 sat block reward + fees in the millions.
If bitcoin is not in the millions or billions of USD, I believe most BTC maxis will mine at a loss to protect their "stake"
This is the right wah to do proof of stake by the way.
Too bad none of us will be around to see what happens though
I wonder if in 100 years we would still have fiat or would we have let bitcoins deflationary forces take over in repricing everything and mining would be a circular economy, and how would that effect security, my brain can't get around like if energy is now cheap in bitcoin terms what does that do for security
reply