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So much FUD around block subsidy/fees
218 sats \ 2 comments \ @dingding541 1 Apr bitcoin_Mining
I've seen so many posts on X about how Bitcoin is doomed, empty mempool, reducing block subsidy, off chain etfs, lowers hash rate, security collapses yada yada yada.
The Adams law of slow moving disasters says that when people can see them coming, economics and society as a force solve them.
Thanks to Naval Ravikant for this gem, where he was actually describing the declining birth rate.
Effectively the answers to how miners deal with a reducing subsidy and potentially reducing transactions may have not even been conceptualised yet, but it will.
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15 sats \ 0 replies \ @SwapMarket 1 Apr
The previous scare was that there is not enough block space for everyone, resulting in block wars and L2 solutions. Low fees and empty mempool attest their victory. There are so many smart and motivated people in Bitcoin, everything will be solved.
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15 sats \ 0 replies \ @OT 1 Apr
We have time.
The question is whether the new wave of bitcoiners will learn to use Bitcoin themselves rather than trusting third parties.
We could also grow the base of home solo miming bitcoiners who will continue whether blocks are empty or bloated.
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