Damus
inkan · 1w
If RBTC traded at 50 cents while Bitcoin is at 80k, this would presumably mean that people think there's something seriously wrong with the bridge. The value of RBTC just seems to reflect people's vie...
Nuh profile picture
No. Miners only merge mine Rootstock because they are getting paid more than the marginal cost of the merge mining. This will always be the case, whether the bridge is secure or not. The bridge security only directly matters to the long term holders of RBTC which indirectly affects demand of Rootstock which affects miners profitability.

If merge miners are still mining Rootstock with sufficient ratio, then they must be invested enough in its security, at least enough to incur the cost of merge mining, and competing with anyone merge mining a fork (votes on which chain is valid).

As a user of a name registry, you shouldnt care at all about RBTC price, as long as merge mining participation is large then you are getting the security of the honest majority mining bitcoin, because they chose to run Rskj, and since we already assume it is hard for them to collude on Bitcoin it is alao hard to collude to fake Rootstock history.

Anyways I have nothing more to say about this, and not invested enough in what do you end up choosing. Best of luck.
1
inkan · 1w
I agree we should probably let it rest for now, but as for the merge miners being invested in the security of rootstock, it seems like they don't have to lose all that much if something goes awry with rootstock as they don't incur any real marginal cost from mining it and the payments they get are I...