Quote from: gmaxwell on Today at 02:59:48 AM

Quote from: larry_vw_1955 on Today at 01:32:17 AM

he means bitcoin is headed for trouble unless miners can offset their dwindling block rewards somehow.

Why do you take that for granted? Bitcoin fee income levels (even the sustained ones outside of the recent traffic) are many times the entire fees PLUS subsidy of several competing altcoins combined. Are they currently screwed?

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i seriously doubt people would be willing to pay for 100Mbps service and then only get less than 10% of it.

Guess you don't live in an area where comcast has a monopoly. In many places they have a "100Mbps" which rarely performs, but lets them claim that they provide broadband for the purpose of government reports.

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more use cases to bitcoin

What "use case" are you referring to? A description of a use case should not mention Bitcoin-- it should mention a problem people have which Bitcoin might be a solution.

I'll give some examples:

"My bank (and ANY conventional bank I can find) is only open for international wire transfers from (say) 10am to 3pm M-F or other such limited hours and I want to be able to send money internationally *at any time*, 365 days a year, because I don't know when a good opportunity will happen or an emergency will come up" Bitcoin solves this.

"I tried using online payments but Paypal froze my account randomly with no explanation and wouldn't give me my money back for a year" Bitcoin solves this.

"I wanted to hold on to money but my government keeps printing it like its going out of style, debasing its value" Bitcoin solves this.

"To escape inflation I kept wealth at home as silver but it took up an enormous amount of space and was easily stolen by thieves because it was hard to secure in a way that was impossible for others to access". Bitcoin solves this.

"To escape inflation AND theft risk, I stored wealth in gold bars in a safe deposit box, but because I didn't visit for two years the bank auctioned off the content (or alternatively the FBI came and took it all because some OTHER customers were suspected of drug dealing)". Bitcoin fixes this.

"I wanted to buy a telescope but I couldn't convince my bank it wasn't fraud and they froze my account and it took me three days and a dozen phone calls to fix it" Bitcoin solves this.

"I wanted to buy provocative comic books, but even though they are unambiguously legal where I live, the government leaned on payment providers to deplatform the vendor" Bitcoin solves this.

"I'm concerned that years down the line my country might be taken over by a theocracy and they'll get all the payment company records and start executing people who purchased birth control or subject them to some less dire punishment." Bitcoin can help here too.

Each of these cases Bitcoin can help with because it removes trusted third parties from the process of either transacting or storing your wealth, trusted third parties which fail to deliver a stable system, can capriciously interfere with your right to associate with others, or otherwise act against your best interest. They're the use cases Bitcoin set out to solve, which its fundamental properties are designed to satisfy and are mostly difficult to impossible for other systems to solve (except to the extent that they imitate Bitcoin's design). Use cases which aren't exclusive-- that any old alternative will do too are find, but they don't provide a reason for someone to use Bitcoin when they otherwise wouldn't-- instead Bitcoin will get used for those based on other factors like existing usage for the exclusive reasons or because Bitcoin is less expensive (but that is a pretty unlikely case for cases where a centralized alternative works, because centralized alternatives can always be cheaper if they choose to be).

the only alt algo with a good setup is scrypt.

they solved the ½ issue by merge mining LTC and Doge.

the reward to fee ratio issue that btc has. Has been reduced as doge rewards stay stable.

the meager blocks available to btc per day (144) has been solved by ltc 288 doge 1440

the 144 block limit mean great restrictions to scaling.

while 1728 a day for scrypt is 12x better.

Yeah BTC has first in the game edge and many times it is enough. But the LTC+Doge can do everything btc
can do and has more flexibility.

Now as a miner am I preaching scrypt over btc no.

I have 200kwatts an hour burning as I type only 26kwatts are mining scrypt. The rest mine BTC.

As a guy that sees $ per watt is most miners code of business BTC needs to acknowledge that and find a way to deal with it.

Hey I saw vinyl die and come back
I saw eight track die not coming back
I saw cassettes die not coming back
I saw ipods die
we now stream music for the most part.

I watched tv with rabbit ears for antennas and only
2
4
5
7
9
11
13
68
were available.
cable did not exist.

I watch cable and stream now.

point is shit evolves and occasionally backtracks.

Do I see BTC evolving yeah.

taproot
segwit
LN

but scrypt can copy that and still has that 2+10=12 times the block per hour advantage.

by 2032 when blocks are 0.78 btc

Ltc will be 1.56 but doge will be 10,000

I dont see any BTC move to address that obviously better long term advantage scrypt has over btc.

I think what we are seeing with ordinals+brc-20+nfts is a backdoor effort for btc to catch up to scrypt’s better long term reward setup.

We are going to know a lot by 2032 if btc figures out what to do.