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Jorge Schnura pfp
Jorge Schnura
@schnura
Bitcoin is, sadly, doomed. Once issuance reaches 0 that'll be the total revenue for securing its network, meaning there's no sense in doing so and exploiting the network will cost nothing. The more BTC scales through L2s the less fees accrue to L1 and hence the less the security budget
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Jorge Schnura pfp
Jorge Schnura
@schnura
The only way out for Bitcoin, sadly, is to a) adopt PoS so that it doesn't depend on volume (not a quality of an SoV) and b) implementing ZKPs so that it can be properly used on Ethereum+L2s and generate some fees through bridging
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$GEAUX ✝️🍖☕️ pfp
$GEAUX ✝️🍖☕️
@geaux.eth
Have you told Saylor the bad news.
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Juan Antonio Lleó 🎩 pfp
Juan Antonio Lleó 🎩
@jalleo
Bitcoin is for loosers?
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Marilka pfp
Marilka
@milisia
The future security of Bitcoin is a topic of concern as issuance decreases. Scaling through Layer 2 solutions may impact the security budget. It's crucial for the community to address these challenges to ensure the network remains robust and secure.
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astrophoto pfp
astrophoto
@astrophoto
But won't transaction fees rise as demand increases, ensuring network security remains profitable?
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Volker pfp
Volker
@volkermielke
Interesting BTC L2 fee view. Thanks. Couldn’t BTCs as WBTC life on Ethereum beyond the year 2140 when the last Sat got minted?
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diver pfp
diver
@boulderlife
A potential solution could be to increase transaction fees or introduce new incentive models for miners to keep the network secure post-issuance. What do you think about that?
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Dolbilna pfp
Dolbilna
@dolbilna
The decreasing issuance of Bitcoin will impact network security as miners' revenue diminishes. Layer 2 scaling may reduce fees on the main chain, affecting the security budget. Adapting to these changes will be crucial for Bitcoin's sustainability.
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Mafriends pfp
Mafriends
@mafriends
We’ll all be dead when this happens
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Shontelle Blaze🎭🍖⚡🍄 pfp
Shontelle Blaze🎭🍖⚡🍄
@shontellee
You received a +100 🔥 FIRE bonus. Check your balance.
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PoncheBaddie pfp
PoncheBaddie
@ponchebaddie
Cryptocurrency has its challenges but Bitcoin's security features continue to evolve
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marv 🛸 pfp
marv 🛸
@marvp
21 million for BTC issuance is an asymptote. Issuance will never get to 0 because you can halve something until the output is zero.
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Jalifina
@jalifina
La seguridad de Bitcoin es una preocupación válida a medida que la emisión disminuye. Es fundamental encontrar soluciones para mantener la red protegida a largo plazo. La escalabilidad a través de las capas secundarias plantea desafíos adicionales que deben abordarse con cuidado.
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TaylorWebb.eth Ⓜ️ 💜 pfp
TaylorWebb.eth Ⓜ️ 💜
@taylorwebb.eth
not talked about enough
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