Nic Carter vs. The Bitcoin Maximalists
— Scheduled, Newly minted btc, Bitcoin ’, Flung future, Serious possibility, Small, Sterling, Clear, Sterling example, Gasp — 1 min read
Coinbase rewards for miners are scheduled to eventually expire, and there’s a lot of uncertainty about whether fee revenue will be enough to incentivize sufficient mining to keep the chain safe in the future. It's not clear how serious a threat this is, but it needs to be discussed. That discussion needs to include the serious possibility that (gasp) bitcoin needs to change in a fairly dramatic way. Bitcoin needs to get rid of its long-term security, according to the author of the coinbase (small c, as in newly minted BTC), he says. The author also says there's a serious possibility bitcoin will need to change its way in order to keep it secure in the long run of coins. In the future, Source