Justin.eth Drake (@drakefjustin) 's Twitter Profile
Justin.eth Drake

@drakefjustin

ethereum researcher

ID: 258480276

calendar_today27-02-2011 20:34:12

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Justin.eth Drake
@drakefjustin

2 months ago

The security of Bitcoin PoW is a ticking time bomb. Bitcoin fees are at a 13-year low—less than 10 BTC/day. Despite 2016, 2020, 2024 halvings, miner revenue from fees is at a 9-year low—just 1%. low fees → low security budget → low security Bitcoin's security model is

The security of Bitcoin PoW is a ticking time bomb. Bitcoin fees are at a 13-year low—less than 10 BTC/day. Despite 2016, 2020, 2024 halvings, miner revenue from fees is at a 9-year low—just 1%. low fees → low security budget → low security Bitcoin's security model is