šŸ”„$BTC

Over 94% of all Bitcoin that will ever exist has already been mined. Yet, the most captivating aspect of Bitcoin isnā€™t where we are nowā€”itā€™s what comes next. We are living through the unfolding of one of the most intriguing economic experiments ever conceived, and the endgame is far from certain.

Hereā€™s the twist no oneā€™s addressing: Today, Bitcoin miners earn approximately $28 million daily to keep the network secure. But by the year 2140, block rewards will vanish entirely, dropping to zero. Consider thisā€”there are only 1.2 million Bitcoin left to mine, which is fewer than the number of millionaires in Japan. Moreover, miners depend on block rewards for 98.2% of their revenue, while transaction fees account for just 1.8% (roughly $500,000 per day). Factor in the estimated 2-3 million Bitcoin already lost forever due to forgotten passwords, and the future starts to look precarious.

This isnā€™t just a question of priceā€”itā€™s a question of sustainability. Without significant changes, Bitcoin faces a critical juncture: either transaction fees skyrocket, making them costlier than international wire transfers, or the networkā€™s security budget dwindles to laughably low levels. Imagine building a trillion-dollar financial network, only to hinge its future on the assumption that future generations will be willing to pay luxury-level fees for standard transactions.

Are we silently steering toward the slow unraveling of Bitcoinā€™s security model? This is the economic puzzle of our timeā€”one with a century-long fuse. What are your thoughts?

#Bitcoin #EconomicTheory #NetworkSustainability $BTC