Re: Ordinals and other non-monetary "use cases" as miner reward on 2140+
⭐ Merited by MeGold666 (1)
No one is going to attack Bitcoin. Simply it doesn't worth and is completely meaningless. In fact, it would be one of the dumbest thing that humans could ever possibly do. What if they attack the Bitcoin network? The code is here, there are countless number of altcoins, if Bitcoin falls, another coin rises and I don't believe someone is going to spend billions of dollars every time a coin is created. Also, too many serious companies are involved in adopting and integration of Bitcoin and too much money is put into it, we talk about trillion.
If Bitcoin falls to a 51% attack POW is dead! So in case of a revival, every PoS coin is at an advantage! And we have an incentive for ir already!
Also, I think you've mistaken the code for open-source projects and the ability of sites like torrent websites to come back with investors losing a few hundred billion on it. It's one thing to see an exchange go down it's a different thing to see the entire ecosystem being fucked up!
Second, you can't have a thing worth a trillion, a new revolutionary idea that threatens the world order or any of that thing, and at the same time have no enemies
I still don't see this as critical for Bitcoin's wellbeing / security, at least not in the short/mid term.
Of course not, but again, I started from the OP first post, and that has 2140 in it so all my arguments are for that!
If we debate 2030 or 2040 , that's a different thing!
You can't expect to have more big transactions than small transactions we have today.
How do you expect Bitcoin miners to survive on fees and too small block reward then ? the only way for this to work is the FIAT evaluation doubling after each halving.
How do you expect Bitcoin miners to survive on fees and too small block reward then ? the only way for this to work is the FIAT evaluation doubling after each halving.
Same way VISA does, not charging 100$ for each of 1000 transactions but charging 1 cent for a billion!
You know what I mean but let's not go deeper cause we're going to end with the same discussion about nodes not affording a 2tb drive.