4 ms·
Bitcoin supply curve is a lie because security from fees is too low and unstable. Bitcoin only had $548k in fees yesterday, and the trend is downwards. A fundam
by nootropicat 5y ago
Bitcoin supply curve is a lie because security from fees is too low and unstable. Bitcoin only had $548k in fees yesterday, and the trend is downwards. A fundamentally insecure chain has a negative feedback loop: no reason to pay any fees to use it, which makes it even more insecure.
Bitcoin in the future is going to either be forced to introduce tail inflation in a hard fork, or start depending on secure external consensus (most likely ethereum) in a soft fork. Either option completely destroys any narrative bitcoin ever had.
https://cryptofees.info/ https://cryptofees.info/