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tja
https://twitter.com/henrykploetz/status/1529056199286657025
Is there some scientific literature/scenario planning on the End of Bitcoin? With the next two halvings mining income will shift significantly from block reward to transaction fees. Even though this has been going on for some time, we're now closing in on the point where the block reward is lower than the energy costs (exponential functions, yeah). This must lead to a significant rise in transaction fees (as in: factor 20). This will significantly discourage Bitcoin usage, which will negatively affect price.
https://twitter.com/henrykploetz/status/1529056199286657025
Is there some scientific literature/scenario planning on the End of Bitcoin? With the next two halvings mining income will shift significantly from block reward to transaction fees. Even though this has been going on for some time, we're now closing in on the point where the block reward is lower than the energy costs (exponential functions, yeah). This must lead to a significant rise in transaction fees (as in: factor 20). This will significantly discourage Bitcoin usage, which will negatively affect price.