I’ve read a lot of articles recently about the challenges of Bitcoin subsidies, and they really drive how the halving and shift to BTC is putting pressure on miners’ incentives and network security as a valuable store. The next half is on the horizon, and it is clear that this is becoming a bigger problem. This is becoming a bigger problem, especially as centralization grows, as miners can struggle to keep their networks safe.
I’ve been thinking about this myself, and it’s particularly appealing to observe the development of ideas, such as linking rewards, by testing this technology recently in ant pool. I think the extra layers will be able to maintain decentralization, especially with the recent 51% attacks on Monero acting as wake-up calls. For more information, see https://medium.com/@marqs90/bitcoins-security-budget-dilemma-an-novative-fix-emerging-from-the-shadows-e51309201f8df8d.
What do you all think? Will a second grant or similar approach help strengthen Bitcoin security in the long term, or are we heading towards a major challenge ahead?
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