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Thomas
@aviationdoctor.eth
I didn’t write this, but it’s increasingly my view as well. Which means that I’m now more into Ethereum for the tech than I ever was (except at ICO, where I got in because I thought the tech was cool).
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Bart
@bartolomev-my-tx
That's if you assume BTC security will be fine over a 10-20 years period. I don't.
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Thomas
@aviationdoctor.eth
Unless they add tail issuance, which I expect they will.
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Bart
@bartolomev-my-tx
I'm most confident a group of BTCer will want to but there's no way it will be non-contentious. Even a fork to change to post-quantum crypto will be contentious (timing of when really needed) How the fork to add issuance will play out is yet to see... I doubt the "more than 21M BTC" side will win.
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ciefa 🐌 eth/acc
@ciefa.eth
It's hard to see how this narrative can change I agree, but do they have any other option? The only way btc can survive imo is: 1) More than 21M BTC 2) Mass Adoption that leads to massive TX increases 3) New layers (Stacks e.g.) that enable smart contracts Hardcore BTC maxis don't want 1) and 3) - so they'll try 2).
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ciefa 🐌 eth/acc
@ciefa.eth
But what is the result when the network is in constant demand of higher price and mass adoption for more fees and higher prices? Imo, you get a ponzi. So unless I am missing something and the security budget issue is already fixed, BTC is kinda a ponzi. Happy to change my mind on this if there's evidence.
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Nico
@nicom
I just forgot... 5) bitcoin becomes a L2 😉
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Nico
@nicom
What about 4) BTC is just an erc token on Ethereum and we welcome all bitcoiners who would like to have security, pos, and still keep their BTC when the actual bitcoin network will run out of miners?
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