This is the reql hard problem of #Bitcoin that figuratively keeps me awake at night. Not the BS on Quantum Computing or the Saylors' scamcoins.
Do nothing and Bitcoin may be doomed due to misalignment of incentives and tragedy of the commons.
Change the digital scarcity rule with the despised tail emission (good luck trying) à la Monero and you destroy half of its historical value proposition / meme culture / legacy / attractiveness.
Maybe just turning the whole unprofitable private mining industry into a public owned, tax subsided, geopolitically contested infrastructure is the least worse outcome, but also here I can see many dead end timelines.
View quoted note →