Declining Block Rewards Raise Concerns
In recent years, as the cryptocurrency ecosystem continues evolving, the sustainability of Bitcoin has drawn increasing attention from experts. Justin Bons, founder of Cyber Capital, recently shared his view on social platform X that Bitcoin might face collapse within 7 to 11 years.
Security Budget May Become Unviable
Bons pointed out that with the gradual reduction of block rewards, miners' incentives will also decrease. If transaction fees fail to stay high, the overall security budget of Bitcoin's network may be impacted, potentially undermining its long-term stability.
Industry Needs Proactive Measures
- Explore more efficient consensus mechanisms
- Optimize miner incentive structures
- Strengthen cybersecurity defenses
While this perspective has sparked some debate, its warning about cryptocurrency sustainability deserves deeper consideration from the industry.