Jameson Lopp on nostr

Should we worry about Bitcoin's security budget? I won't worry unless miner revenue drops epoch over epoch.

1st epoch: $0B
2nd epoch: $2B
3rd epoch: $16B
4th epoch: $46B
5th epoch: $27B so far

We're on track for miners to earn slightly more revenue than in epoch 4.

144❤️10❤️1👀1👍1💪1

nostrich · 1w

"But monero has mining decentralisation"

Clark Moody · 1w

Even the term "security budget" is biased

OgFOMK ArTS · 1w

The profit, does that take into consideration money printing? It's that income or profit? Seems like it's zero sum regarding investing into and earning rewards.

Nuh · 1w

Revenue falling is the only hope we have for the current deadlock is broken and something directionally towards GSR is feasible again. It's while subsidy is high that everyone can pretend Bitcoin can be secure with little to no usage