It’s important to remember that there are multi-billion dollar mining companies who have a financial interest in changing the protocol in a way that benefits their economics, not necessarily the system as a whole. Now is a particularly challenging time for bitcoin miners with the hash price near all time lows.

It wouldn’t surprise me that public miners are astroturfing ideas to improve their revenues.


The security budget is a non issue imo. If it’s not profitable to mine, hashrate will drop and difficulty will adjust until it is.