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0 sats \ 2 replies \ @klk OP 3 Jun \ parent \ on: Bitcoin Security Budget | Bitcoin Decentralization | Bitcoin Miner Reward bitcoin
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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