Bitcoin's security budget is a bet on price.

Let's talk about what secures Bitcoin: the block reward = subsidy + fees.

Fees? Currently under 1% of the total block reward (lightning solves this huh 😉).

For the current mining incentives to survive, price must double every halving.

So here's the honest question, bitcoiners: do you really think Bitcoin will hit $4.16M per coin by 2048 or does the security budget slowly die while you stack sats?

One of those futures is real. Pick.



#bitcoin #lightning #asknostr #mining