/biz/ - Business & Finance

>>22250613
You are right in a sense, but you are too stupid to even understand why. BTC will die much sooner thanks to halvenings. So yes it is a mathematical certainty that it becomes unprofitable to mine blocks and secure the network, and barring other factors kill it off first (like Tether collapsing), BTC will not survive another 2 block reward halvings, which is 8 years.

A ticking timebomb was built into the protocol that requires constant transaction growth. If there is no growth, the network simply dies by default.

>>18982294
BTC is a technological dead end. Every halving cuts the block subsidy in half, reducing miner revenue by 50%. It's absolutely BRUTAL.
Bitcoin was designed from the beginning with a block subsidy like a set of training wheels, or in economic terms an allowance from mom and dad. Let me explain:

In the early stages of the network while it is small and there is almost no usage, miners need some help to stay afloat and pay the bills to secure the network and process transactions. No one is going to do it for free right? So they get parent gibs i.e. block reward. Currently it is 12.5 BTC per block. This means miner revenue is entirely dependent on the market price of BTC.

Now, when the halving happens, their revenue is cut in half to 6.25 BTC per block. Miners are going to go out of business because they are no longer profitable. Mom and dad keep giving the same allowance. In 4 years at the next halving, this will be reduced to 3.125.

But you might ask, how is that sustainable in the long term if the reward keeps halving and eventually will end completely?? Well the idea was that Bitcoin would become an adult at some point and stop asking for an allowance from their parents. They need to start earning their own money through transaction fees. But Bitcoin refused to grow up, and wanted to stay a 1mb manchild with stunted growth for life.

So as the subsidy fades, the chain will die unless it can replace the subsidy with organic income from fees. This of course requires MASS amounts of transactions to generate FEE income, which require NETWORK GROWTH and NETWORK USAGE, which requires bigger blocks.

Bitcoin was designed to GROW or DIE - subsidy halving is the ticking timebomb that will eventually kill off a stagnant network. The allowance WILL go away. Mom and dad says: start earning your own income, or die.

BTC has chosen to die. It is being kept artificially alive and relevant only through Tether price manipulation.

BSV has chosen to grow.

Pick wisely.

>>18094117
This guy gets it. The economic model of BTC is fundamentally broken. It can not survive long term as the mining subsidy fades and no new transaction fees are coming in from massively increased volume to offset it.

Only thing that can save BTC in the short term is a 60 billion dollar Tether bailout.

>>16970956
>The meme of more tx = good is 100% retarded
>He doesn't understand Bitcoin

When the mining subsidy goes away, what do you think is going to sustain the network?

Mass volume of transaction fees.

Grow or die. BTC has chosen to die.

>>16698460
Communicating BitCoins potential to the world.

>>16661985
If you know, you know.

>>16318352
>3) fees need to take over subsidy and for that a fee market is necessary.

lol no. Large transaction volume is necessary. You had 10 years to learn how Bitcoin works and you failed. Now the adults take over.

Pls show them this picture, you will be rewarded

>>16019393
Wasn't it Blockstream shills who claimed identity doesnt matter? Why CSW should matter to you?
Nchain will still have those patents, and BSV chain grows to be most profitable for miners.

>>16018036
Based. Intelligent people know this one simple fact - BTC is sentenced to death no matter what, as the block subsidy fades. If you do not generate enough transaction fees to make up for the loss in subsidy every halving, miners will simply go out of business.

>>15952385
The mining reward subsidy was meant to bootstrap the network, to economically incentivize securing the network while it was still small.

Bitcoin can only survive long term if fees replace the subsidy over time as the network is allowed to grow. Too bad BTC never understood Bitcoin and the 1MB block limit is a certain death sentence for the chain as the subsidy continues to halve.

>>15828179
Well yes. No matter how you slice it, BTC will simply die eventually because it can't generate enough transaction fees to secure the network as the block subsidy diminishes. With 1 MB block cap, it's already sentenced to death.

The only thing keeping it alive is the massive amounts of fake money injected by the Tether printer.

The inevitable death of BTC summed up in one picture.

>>15801201
>Nobody told him about this yet oh no no