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A comment on No Bitcoin ETFs at Vanguard. Parent comment

Re:No Bitcoin ETFs at Vanguard by kinakomochidayo on Sunday January 26, 2025 @01:23PM (#42832405)
If it’s truly digital gold, that will only lead to the demise of the chain as a result of block rewards going down and not enough transaction fees to support the miners. Bitcoin truly has a security budget issue.
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Re:No Bitcoin ETFs at Vanguard by Self-Perfection on Sunday January 26, 2025 @02:42PM (#42833287)
You seem to be arguing that if block reward sufficiently drops, everyone will stop mining and new block cease to be generated. Why would it happen?

If everyone stops mining that it would be enough to run mining on cheapest laptop and collect all the reward.

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Re:No Bitcoin ETFs at Vanguard by kinakomochidayo on Sunday January 26, 2025 @06:40PM (#42835514)
I didn't say that mining would cease - it's that there would be way less incentive for people to mine, so less hash power, and more susceptible to 51% attacks.
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Re:No Bitcoin ETFs at Vanguard by cryptoegorophy on Sunday January 26, 2025 @02:31PM (#42833184)
Doesn’t it self regulate? If there is too fewer miners then reward goes up? Also, unlike gold, you can anonymously transport it around the world without getting robbed.
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Re:No Bitcoin ETFs at Vanguard by bornfreddy on Sunday January 26, 2025 @03:22PM (#42833687)
Nitpick: the reward doesn't go up, but the difficulty goes down.
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