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Luke · 5d
No, it's not obvious, for a few reasons. Did you know that there have been days of fees far exceeding block rewards? On April 20, 2024, miners earned over $80 million in transaction fees in a single d...
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Saberhagen The Nameless @SaberhagenTheNameless
You're talking about exceptional days with a lot of traffic though. I'm hardly surprised they were thriving. Kind of my point that miners will need a lot of traffic to make it worth their time once block subsidy fades away. Not once in a blue moon spikes. Where is all that traffic going to come from if it is expected that most users are going to transact off-chain on lightning, ark, ecash, etc in the future?

I need to think more about your last two paragraphs. Not sure if intermittent mining with excess energy would be enough to offset all the other hashrate that would be lost that would no longer feasible.
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goatmeal · 4d
people who use altcoins were born on those days. people who think touching bitcoin L1 is a very very bad idea were born on those days. they never want to pay bitcoin miners again.
Based Truth · 4d
Traffic won't come, it's a ponzi scheme propped by VCs like Andreessen Horowitz.
Luke · 3d
Um, you're not sure that *all the energy producers in the world* intermittently mining with their excess energy would be enough to offset what you think will be lost? That's like saying you're not sure that the pacific ocean produces enough fish to offset the lost salmon from your plate last night ...