brypto

Is this true?
If true, yikes, what do? 😬

Depin Dev hosting /m3ter-heads & building M3tering protocol on the Superchain.
https://docs.m3ter.ing/

long expected

shouldn't the Bitcoin contributions be able to fix that with a protocol change through a consensus?

So there are probably like 4 things that can happen here.

- Implement PoS & do sth akin to "The Merge" and move consensus to PoS. This would probably take many years like it did for Ethereum.

- Change the emission schedule or break that 21 million cap. This would would provide immediate relief by providing more subsidy to miners for mining blocks. Something are simple as reverting the most recent reward halving would double miners income again.

- Reducing miner decentralization would also fix this. In todays would less miners would want to be Germany. Miners either start concentrating in places with cheaper energy or just shut down.

- Increase fees spent in Bitcoin blocks by getting more users to bid for bitcoin block-space, in other words, start seriously competing with Solana and Ethereum L2s.

This recent video by @jordanmmck explains everything perfectly (with awesome illustration 🤩) https://youtu.be/skcZbXitZxQ

...and the following is his older vid on this same topic

ohk, 

items 3 and 4 would probably take effect naturally (miners look for cheaper energy and increased transaction fees)

So there are probably like 4 things that can happen here.

- Implement PoS & do sth akin to "The Merge" and move consensus to PoS. This would probably take many years like it did for Ethereum.

- Change the emission schedule or break that 21 million cap. This would would provide immediate relief by providing more subsidy to miners for mining blocks. Something are simple as reverting the most recent reward halving would double miners income again.

- Reducing miner decentralization would also fix this. In todays would less miners would want to be Germany. Miners either start concentrating in places with cheaper energy or just shut down.

- Increase fees spent in Bitcoin blocks by getting more users to bid for bitcoin block-space, in other words, start seriously competing with Solana and Ethereum L2s.

This recent video by @jordanmmck explains everything perfectly (with awesome illustration 🤩) https://youtu.be/skcZbXitZxQ

...and the following is his older vid on this same topic https://youtu.be/ARTUfzKU8_s