Quote from: pinggoki on Today at 03:27:54 PM

In my very own opinion bitcoin will be secured in the very long term because although the supply was very small, still the bitcoin will be more profitable due to the less supply the demand will come higher also that's why the bitcoin will be still good in the long term and when it terms to the security of the bitcoin, it will be still secured due to that many people are using cryptocurrency still bitcoin will remain decentralized and secured in the long run.

I don't want to look rude, but I'll have to. You make no sense.

Quote from: ranochigo on Today at 02:58:42 PM

Granted, I do think that I might not be right about a sustained security as there is a ton of factors on that but I don't think that the security (or rather the hashrate) of the network would ever dwindle to dangerous levels.

Nor do I, but the fact that the system makes the miners have a less incentive over time, scares me. There will be times in the future where a miner will earn less than 0.001 BTC including the fees. If we assume that the supply (of both $ and BTC) remained the same and compare with the current security, one bitcoin has to cost around 231 million dollars. (7*33000 = 0.001*x)

Then, we have the lightning network that reduces significantly the amount of transactions in the mempool. Sure, there are lots of factors to count, but, overtime, the system seems to leak.