lol you can't simply say let it die when bitcoin is the most used crypto and will be used more in the future, what about all those merchants which will use it for their business? fuck that too?
this is a legitimate concern, miners must make profit must be incentivated to mine, otherwise this whole thing will collapse
Changing the 21 million cap would destroy bitcoin for good. That is the point of this thread. Yes miners must make a profit to be incentivised to mine but increasing the 21 million cap SHOULD NOT EVEN BE A CONSIDERATION to solve this problem. This is a simple matter of supply vs demand. The supply is constrained, bitcoin is scarce because of the 21 million cap, if the demand becomes higher than the supply, like after a halving of the reward, the PRICE MUST GO UP, that's economics 101. And if the price of bitcoin goes up to counter the demand vs supply, the miners are still making a profit.
The market will correct itself, but if the 21 million cap is changed all trust in bit coin's scarcity will be irretrievably lost and bitcoin will crash like a worthless fiat that can be printed to infinity.