This is one of the better write ups of the future Bitcoin security model by @Lyn Alden . The takeaway seems to be that it’s certainly not a guarantee that Bitcoin will collapse in 40 years; there are many scenarios in which a fee market could develop which provides the necessary security. However this is hardly anything like the reassurance one would need to say, sell Bitcoin as a surefire way to pay off the national debt. Bitcoin might not even be around. Of course it might, but that’s not enough to build a national reserve on.
Lyn Alden
Bitcoin: Fee-Based Security Modeling
Originally published: March 2021 Over the past decade, the bitcoin network has been the most secure public blockchain. This is because it has by fa...
