I agree with long term concerns as block rewards decrease, though, which is why I prefer Monero’s tail emission to Bitcoin’s model.

Part of the brilliance of block rewards is it actually does pay for itself. Miners are rewarded for their efforts, and the reward amount varies based on the needs of the network.

At least that’s been true for the past decade, prior to getting towards the supply cap. It’ll be extremely interesting to see how miners behave as the rewards decrease in reality vs in theory. My personal belief is that the lack of tail emission and resultant price increase will keep bitcoin alive indefinitely, but make it more and more static overtime, even with stuff like lightning, and turn it into a kind of reserve note. This is not a novel theory and is what many are seeing happening.

I’m most bullish on Monero long term/think it’s extremely under-appreciated as a viable means for the mind of decentralized uncensorable micro-transactions people in the space all fantasize about.