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119 sats \ 1 reply \ @028559d218 OP 29 Apr \ parent \ on: Powerful arguments for the 'meaning' of Bitcoin - What is going on? bitcoin
Hypothetical...
If ~ 4 years from now we get a halving, and Tx fees are still at 1-3 sats/vb and then another 4 years later at another 1-3 sats/vb... and another 4 years later we're still at 1-3 sats/vb with ~ 50% monkey jpegs + memecoins 'in blocks'...
Will Bitcoin fail? Is it on that path now?
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21 sats \ 0 replies \ @optimism 29 Apr
Not if the amount of energy you can buy for the blockreward remains the same as it is now; as in sats/MW goes down similarly to the earnings, and there is no competitor for the same ASICs.
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