Oddbean new post about | logout
▲ ▼
SaberhagenTheNameless | 7 days ago (raw) | root | parent | reply | flag 
 You would think incentivizing miners to secure your blockchain would be critical...guess some Bitcoin maxis are more high time preference than they let on
▲ ▼
camilo | 7 days ago (raw) | root | parent | reply | flag 
 You would think that Bitcoin network exists and works.
▲ ▼
SaberhagenTheNameless | 7 days ago (raw) | root | parent | reply | flag +1 
 Because it still has a significant enough block reward. 

I don't know if you noticed but even with all-time highs going on no one is using it. Look at the mempool. All economic activity is taking place on exchanges not on Bitcoin. No one is going to mine Bitcoin for free.