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0 sats \ 3 replies \ @OT 3 Jun \ parent \ on: Bitcoin Security Budget | Bitcoin Decentralization | Bitcoin Miner Reward bitcoin
It triggers the "high fees" meme. Not sure anyone can know what high fees will look like if they're still using fiat. Of course it looks high from a 2025 standpoint. In reality it could cost $1 million for a coffee.
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0 sats \ 2 replies \ @klk OP 3 Jun
That's why the sats mode helps. But 100k sats is a lot today and will only be way more valuable in the future, no matter what USD does.
That average fee is what's needed for miners getting 0.5% of the whole network in yearly rewards. Maybe half is enough. But that would still be a lot given that 21M ₿ / 8B people = ~250k sats.
But even that would be OK and the best case scenario. The hard part is having the demand for ~4k transactions per block at that price.
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0 sats \ 1 reply \ @OT 3 Jun
IDK... It's too far out to know. I mean, don't you think that all these bitcoiners will want to protect their wealth and will happily home mine at a loss? Not that we know what mining will look like in a post QC world.
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5 sats \ 0 replies \ @klk OP 3 Jun
Yeah it's a fair point. The network is very secure now, against quantum computing and against miner attacks.
I like the idea of fixing the real problems first and the future problems in the future.
I also liked this answer #996042 with a similar view.
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