Damus
Matt Corallo profile picture
Matt Corallo
@matt
Underrated fact: if there’s not enough demand for (truly) censorship-money, Bitcoin fails.

Not just people won’t use it and it’ll fade (which is true), but literally someone’s gotta pay the miners, and there’s no indication anything but a real demand for censorship-resistant money will do.
485❤️21👀3❤️1🎯1👏1🤘1
Kevin Ravens₿erg ⚡️ ☁️ · 35w
Lightning nodes will pay the miners
Hanshan · 35w
also "demand" mean transactions
Bilthon · 35w
Miners are getting paid
MrTea · 35w
Despite the coinbase halving miners always get paid more over time.
SuiGenerisJohn · 35w
But what about Paper Bitcoin Summer!!
Satoshi · 35w
Hey, trust me, bro you ain't gotta worry. Bitcoin ain't feeling nothing. It's the future. It goes right along with AI. Trump knows that Elon knows it and I know it everybody else y'all y'all learn it.
j'ai les clés · 35w
I think it’s funny that some responses here seem to be an attempt to teach Matt Corallo about bitcoin.
McCoy · 35w
I could see a time when most/many are using bitcoin as primarily a SOV with few onchain transactions. Lighting for low fee transactions is the primary MOE. Hash rate could fall considerably as miners unplug. Transaction finality can still be secure with a responsively resistant fee market - hash com...
vnprc · 35w
The block subsidy is the runway. Plenty of runway left.
Ronin · 35w
Stop it. No one has to pay the miners.
Slyth3 · 35w
Eh I think you’ve got it backwards. The people who don’t value censorship-money will fail.
Common Sense · 35w
fact: this is one of the “crossing of the rubicon” moments for bitcoin’s success. not always linearly, but this is one of the continued surprises of bitcoin’s resilience and applied societal value
codearchy · 35w
#Monero proves there’s a demand for censorship resistant money. The cliff #Bitcoin is heading towards is that it’s incredibly slow, expensive to actually use (only cheap during a paper Bitcoin summer when its main use case is speculation), and not censorship resistant.
nostrich · 35w
Tail emission will pay the miners. Monero has a long term plan where Bitcoin was designed to get us going.
Satoshihead · 35w
CBDCs fix this
MethFred · 35w
imagine having concern for miners, and not the nodes and users. what the fuck is wrong with you devs?
Deleted Account · 35w
It’s a 2 trillion dollar asset. It’s not failing. Printer isn’t turning off either. Time has shown it gravitates towards this safe haven, you have it backwards.
Coney Croft · 35w
What if: eventually everyone that wants to transact with the blockchain has to have an up and running miner, and also a node. There could be something in the transaction that points to the existence of those that would not allow the transaction to process unless those were in place. It would certai...
Ava · 35w
This is the issue with PoW
Noisy signal · 35w
I respectfully disagree with your opening statement. It contradicts itself. If there's not enough demand for fiat/currency which is censorship money - BTC should WIN. Not fail. Either fiat fails/BTC wins or fiat wins/BTC fails. When I see Blackrock moving into BTC, and the pet rock guru offering...
LunarianHodl · 35w
we only have 100 yrs to figure it out… cry harder!