Damus

Recent Notes

captjack 🏴‍☠️✨💜 · 1w
agree with that - incentives in SATS for hashing at the ending phase XMR did is LOW unlimited emission to tackle n incentivize hashing nearly all pow chains give EARLY MINERS parabolic adopting reward late comer always bitch about it. but fiat dollar euro jpy has NO direction RELATION next year $ g...
Joel profile picture
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
81❤️4:FAKE:1😰1
captjack 🏴‍☠️✨💜 · 1w
FIAT no direct co-relation with on-chain stuff
BTC-DCA.com · 1w
This assumes zero fee growth. L1 fees will rise as L2s settle. DCAing to cold storage today is how you accumulate before mainnet block space becomes too expensive for retail by 2048.
Enigmatik · 1w
u not get it bruh NGU to the moooooooooon™ forever?🤔😳
Johnny · 4h
nostr:nprofile1qqsghe6hpspf8vr39yza66sngje98gp639xut37yam923z9qcd0xq6glmk999 The fee share of the block reward is the part I watch most. I think the security budget question gets more real every halving.
Technical Debt · 3w
And I fell like a fool 🙃
Technical Debt · 3w
My point is that secrets shouldn’t coexist in the same file as configuration. Just like ssh doesn’t place your key in ssh_config.