Except security is *highly* uncertain as block rewards decline. Weeks of searching and I've found no good answer. I wrote a tweetstorm, blog post, and even did a podcast about it! :) https://twitter.com/jordanmmck/status/1035216406952861696 … https://anchor.fm/membranlabs/episodes/Episode-10-Jordan-McKinney-on-Bitcoin-Security-e26ftn … https://medium.com/coinmonks/bitcoin-security-a-negative-exponential-95e78b6b575 …
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Do you have a link to the full article with chart?
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It's from a telegram chat.
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Maybe tx fees can work, but seems v. uncertain. "Total fee rev. trending toward 1% of supply..." Is 1% enough? How do we know? What if it shifts to 0.5%? Is that enough? What is min. req. "security factor"? What happens with LN? What if we trend to 0.1%? Or 0.01%? ...
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Who is to say LN will decrease the demand for L1 transactions and not increase it? https://en.wikipedia.org/wiki/Jevons_paradox …
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I could imagine that happening. I mentioned this possibility on the podcast I did. But again, it seems to be another point of uncertainty added to a substantial list, all of which multiply.
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The best way to mitigate the uncertainty is to build out and promote LN, which is what non-concern troll people are doing. Worst case scenario we hard fork a perpetual block reward into Bitcoin, not the end of the world!
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For what it's worth, here's a rebuttal to the image (not my words, and not saying I agree with every point!):pic.twitter.com/Wa9WV33gJc
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