/biz/ - Business & Finance

>>25003781
I expect that very serious problems with the falling block reward will start long before the last Bitcoin block with a block reward is mined. I would say sooner than 10-20 years. This issue and the corresponding attacks will show up first in coins such as BCH, BSV and LTC. In the latter case LTC may be supported by the merge mining of DOGE. DASH will survive longer because it has a slower rate of fall of its block reward. That being said it will eventually suffer the same fate. Of course this assumes no hard fork to introduce a tail emission.

BCH and BSV will face very stiff transaction fee competition from XMR. This is because XMR transaction fees can fall with the square of the XMR block weight as XMR adoption increases. The XMR blockchain would remain secure because of the tail emission, but BCH and BSV WILL(!!!) have to restrict their blocksizes in order to get some kind of mining security making them non competitive with XMR.

When transaction fees become dominant the chain becomes vulnerable to a Scrooge attack, e.g. a 51% attack (around Christmas Day, December 25th. This is the day of the year when there is the lowest amount of worldwide commercial activity, and hence the lowest likely transaction fee revenue).

BTC has a chance for longer survival, but that depends on maintaining the store of value narrative. The question then becomes: Can BTC keep the store of value narrative if another coin becomes dominant as a currency for transactions?

There are all sorts of attacks that have been proposed in the literature against BTC in the scenario where transaction fees dominate over the block reward. What I have not seen is a case for this "fee market" that is supposed to replace the block reward in BTC.

None of the above even takes privacy and fungibility into account making coins like XMR even a bigger threat.

Bytecoin had to abandon its adaptive blocksize in 2019 because of the falling block reward issue.

>>24466153
Gayman Islands money entering Monero when??
Ron Paul, no I mean Raul Pal should know.
Doesn't he live there? Why doesn't he own XMR and only some lame BTC/ETH split lol