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Many people (me included) would consider Bitcoin to have failed at that point. It's pretty clear that the ecosystem believed in the cap, and removing it is a ba
by RustyRussell 6y ago
Many people (me included) would consider Bitcoin to have failed at that point. It's pretty clear that the ecosystem believed in the cap, and removing it is a bait-and-switch.
Given we're currently floating around 10-15% fee-supported at the moment, I'd say most people are optimistic that we will succeed in moving Bitcoin into its final economic phase (i.e. in 10 years it will be 50% fees).
Personally, I still consider it a risk.