Security Budget is just another FUD , like quantum computers or claims that if you hold Bitcoin, you’ll get kidnapped. Security Budget issue doesn’t really exist, it’s just FUD spread by shady shitcoin promoters who say, Bitcoin has a security budget problem, buy my shitcoin instead.
If you dive a bit deeper into this rabbit hole, you realize that the “Security Budget” problem doesn’t actually exist. Pierre Rochard explained it perfectly a few days ago on Twitter,there’s no real issue with Bitcoin’s security budget.
https://x.com/BitcoinPierre/status/1956151795287515230It is unfair to call it FUD, lol. Leading voices like Nikita Zhavoronkov, the developer of Blockchair, are legitimately concerned and are calling for continued high fees or even protocol changes to maintain security, while Pierre Rochard minimises the problem by claiming that rising Bitcoin prices offset declining rewards.
Listen, dismissing Bitcoin security budget as FUD is lazy, its security budget is real. We are in a cycle of halving subsidies, which means that 51% attacks become more affordable if fee markets do not change & miners hash power drops.