Re: Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
i think people who put all their trust in bitcoin are kind of shortsighted to the extent that what you just mentioned. it would be really arrogant and conceited to think that something better is not going to come along and bitcoin will die a slow death. it's just the way things are. no wonder some of those old satoshi era wallets woke up recently and starting hitting the sell button they know what's up. 
use it for what it is good for but don't expect it to make you a millionaire or billionaire without you doing any work. it might not even be a good store of value. in the long term. but i know people don't want to hear that...
use it for what it is good for but don't expect it to make you a millionaire or billionaire without you doing any work. it might not even be a good store of value. in the long term. but i know people don't want to hear that...
We have been down this road before; multiple times in fact and one thing that has been clear is that Bitcoin won't be going anywhere. If people need ultra cheap transactions, they can port elsewhere. For me, my biggest concern is how many of these miners that aren't profitable right now will still be here when there are no more block rewards and only rewards are from tx fees?
If they take losses even with block rewards enabled, I'm imagining what it would look like when the block rewards tap stop following. Either fees are raised exponentially and small users leave or keep fees low and miners leave. If this is resolved, I think Bitcoin will be here for a long time. I mean, we already solved block rewards.