> The argument was that it makes sense to spend currency for security equal to the amount of currency you are securing You are right, I don't understand this a

> The argument was that it makes sense to spend currency for security equal to the amount of currency you are securing You are right, I don't understand this argument at all. It only makes sense to spend the minimal amount that would keep it secure. The incentive to mine is only the block reward, which is only transaction fees plus inflation. The incentive is not the entire pool of currency.