Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Well, the entire world economy doesn't need to go Bitcoin. However, if even 1% of the world economy goes Bitcoin, you have an amount equal to a few thousand percent of the current market cap.

You ever consider how much it would cost to secure a "$20 trillion+" POW network? Taking into account that it costs ~25BTC/10 mins to secure it now, when the market cap is a mere 10 billion?

It would still cost 25BTC/10 minutes (or more likely a significantly lower amount as more than two more halvings are likely to have taken place) But the purchasing power of 1BTC would have increased dramatically.

You're confusing block reward with network security. We can opt to end block reward (change the reward schedule, drop it to zero) right now, and it would still cost 25BTC every ten minutes to secure the network at the current level. At 20 trillion market cap, that would be $500,000,000,000,000 every 10 minutes. That's a $3e.16 every hour, which is a nice chunk of cash Sad