โœณ๏ธ dcposch pfp
โœณ๏ธ dcposch
@dcposch.eth
honest question: is there anyone on here who has a concrete, positive vision for Bitcoin? i far as i can tell they are in a tremendous pickle.
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Jackson ๐ŸŽฉ๐Ÿ– pfp
Jackson ๐ŸŽฉ๐Ÿ–
@jacks0n
whereโ€™s the pickle?
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Jack Miller pfp
Jack Miller
@jackm
Price needs to double each halving or security budget declines over time
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โœณ๏ธ dcposch pfp
โœณ๏ธ dcposch
@dcposch.eth
Security budget as a fraction of value secured decreases regardless
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Jack Miller pfp
Jack Miller
@jackm
True, unless fees pick up the slack Lack of use cases and fees introduces existential risk
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Jackson ๐ŸŽฉ๐Ÿ– pfp
Jackson ๐ŸŽฉ๐Ÿ–
@jacks0n
same for eth - use case is settlement layer security. PoS and PoW are resilient against different tail shocks. Market is in the process of valuing that resilience. The fee issue is no secret - itโ€™s probs priced in My bet is FIs will value energy scarcity as a diversification against relative-market-cap scarcity
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