.@Truthcoin drops a stunner on Bitcoin's long term security budget. Outstanding as usual
http://www.truthcoin.info/blog/security-budget/ …
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Volatility fees as the price goes up leads to non linear hash rate, so you argue that there can be corresponding drops that would lead to large short term drops right?
There might be yes. This is AFAIK the most important scenario to analyze in this debate, for example what happens when tx fees fall by 90% over the course of a few months and are the sole source of revenue. "OMG hashrate is going to be too low in 2038!" is OTOH just ignorance.
