Is it possible that what could bring down bitcoin is not a 51% attack, regulations, or hostile states, and not environmental concerns or anything else but instead pure maths?
What if, as it is happening today, at any point in the future the price of bitcoin is too low to keep miners alive (financially)? Is this the point of no return? Can the Bitcoin network survive without miners?
Yes, CPU power increases over time. Energy price might be much lower in the future, and generally, costs should go down while Bitcoin price (should) goes up. But are we sure the maths behind Satoshi's "formula" is robust for the next 100+ years?
Please help me to understand. Thanks.