Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 31/07/2023, 19:10:15 UTC

<snip>


Using you bewildering analogy...the question is: will there be enough "alcoholics" to secure the chain properly?
Phil posited that in 80 years there would not be.
Personally, I don't know as we NEVER had more than a few weeks difficulty decline and btw, those periods were always the local bottom (so far), like Oct-Dec 2018 (cycle low), then China ban (May-July 2021) and summer bottom.
[/quote]


The caveat is that the current fee structure won't work in 2080 or even 2056 or even 2052.

There will be changes or BTC will not fair well. As LTC/DOGE is structured to last better than BTC.

Obviously I am not the only one that sees these issues. I only wish I could stick around to see how it shakes out.