I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.
I always do appreciate these steelman que...
when mining rewards become small compared to the value stored on the chain and most transaction are made on lightning miners would need to take very high fees to secure the chain. But because there are few transactions they would compete and accept fees that are too low to finance the necessary amount of mining for a secure chain.