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The block subsidy will drop by over 90% by the 50s
As a rule of thumb, it drops 1000x every 40 years, because 2^10 ~= 1000
Discussion
As you may know. #Bitcoin follows a kind of #Austrian #School of #Economics. When demand drops, supply drops, and Bitcoin adjusts.
Hash rate and block subsidy is less critical than you think. Except for the individual miners bottom line..🤔🙂
To be fair, I wasn’t even talking about re-orgs but rather just about usability of the network (related to decreasing transactions and thus decreasing utility/value)
The main utility value is as a savings technology and store value. Also as the most secure financial Network in the world.
The rest is just icing on the cake. Otherwise it's just bloat and a security threat..🙂
Store of value is only possible when the network has other utility.
Think about it. Why does BTC price go up? Demand for using the network. Transactions efficiency is the foundation that store of value stands on.
Transaction efficiency goes down, demand goes down, price goes down, store of value evaporates