A question to Core supporters: how is the blockchain supposed to be secured once the reward is low and all the transaction fees move to the LN?
🎉Happy birthday Bitcoin!🎂You are 10 years old now!🎉Birthtimestamp: 2009-01-03 18:15:05 UTC🎉
damn! need a log scale for that.
If only a small percentage of the worlds population can afford to use something then it has already lost the decentralization battle.
A Dollar And A Dime Value
What is necessary for Bitcoin to have mass adoption?
What is the true value of Bitcoin?
The answer: People and businesses have to use the system and
the base formula for the intrinsic value of any income producing asset is
(VIR) Value = Income / Rate. All of capitalism operates on this formula.
Ultimately all ‘cryptocurrencies’ will have to address this basic equation or go into oblivion.
Miners and validators need rewards and fees or they are gone. Mining rewards are halving and transaction fees are high.
People and businesses, merchants and customers need ease of use and reasonable fees or they won’t use the system and will go somewhere else. Transaction times are slow and transaction fees are high.
Lower Fees require Scale allowing more transactions at lower cost with greater income.
Scale allows utility were businesses can invest and build systems that generate more transactions generating more fees and greater income.
Utility creates diversity gene...
I'm almost convinced that LN and Segwit are just jokes that got way out of control and are militantly backed by people with schizophrenia.
Tether can only go up, they are tethered to the sky