I am most concerned that Satoshi’s coins are owned by the CIA, they’ll eventually move, and it will shatter the immaculate conception narrative
Backdoors in the cryptography might be second
The security game theory as the block reward drops to zero would probably be third
Can you explain more about the last point?
Monero built in tail-emission so it will always be slightly inflationary to reward and incentivize miners.
Bitcoin will begin to rely mostly on fees in the coming years (a lot sooner than people realize) and it will be interesting to see what effect this has on miners’ behavior
Interesting. I just hand waved some "market forces" "incentives" blah blah without really thinking about it. I guess it could be calculated/estimated? But if it takes very high fees to process transactions, will that result in high (relative to now) lightning fees, negating its best feature? Or will processing speeds advance and costs reduce so dramatically that there will be even more computers bidding low on transaction processing?
Awe , the idea of trust. Something that can only exist in reality between two tables , connected to thier own databases … and usually the trust has been build by one…
