tldr; The article discusses Bitcoin's asymmetric rise due to its fixed supply, reflexivity, and halving events, which have driven its growth. However, as Bitcoin matures, challenges arise with diminishing block rewards and the need for sustainable miner revenue. By 2040, Bitcoin's security must rely on transaction fees or alternative models like perpetual issuance. The article explores potential solutions, including Bitcoin evolving as a global settlement layer, integrating with gold, or adopting a tail emission model to ensure long-term network stability and security.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
No comments:
Post a Comment