> How are miners supposed to be compensated, given that the block reward halves every few years?
A solved problem by Satoshi. The block reward covers miners expenses for the next 100 years or so, THEN, once the block size is large enough and transactions are in the millions, a fee of a few cents per transaction replaces the block reward.
> Can you rebut these counter-claims made by one of the Core devs?
Yes, easily. This article [1] shows what I am saying, Core devs are funded by Blockstream. [2] Greg Maxwell (nullc) is, "a very dangerous individual whose [actions] speak for themselves". Just read about his past, he is a master social engineer and manipulator.
> How are those developers being enriched? Lightning is free and open source.
Lightning does not work. It is a centralized "solution" to a decentralized problem. Sure, anyone can make a central database, hold Bitcoin and trade them, that is just an exchange, that is what Lightning is. What Blockstream is selling is not Lightning, their product is called Liquid.
>Yes, easily. This article [1] shows what I am saying, Core devs are funded by Blockstream.
You clearly didn't read the linked comment because the article doesn't have anything to do with the arguments presented.
>Lightning does not work. It is a centralized "solution" to a decentralized problem. Sure, anyone can make a central database, hold Bitcoin and trade them, that is just an exchange, that is what Lightning is.
How is lightning centralized? You can transact with anyone you want, and you maintain a "tab" with them, which can ultimately be settled up on the blockchain. You can also route payments to anyone else on the network.
>What Blockstream is selling is not Lightning, their product is called Liquid.
> The block reward covers miners expenses for the next 100 years or so
No, it does not. It becomes insignificant in just a few decades (getting 32x smaller every 20 years). So a constant backlog of high fee paying transaction is important to long term security [1].
Yeah, in about 70 years, the block subsidy for the entire year will only be 0.01373184 BTC. I highly doubt that would be enough to guard almost 21 million BTC from double spend attacks. That's the equivalent of spending $70,000/year to guard all the gold that's ever been mined.
A solved problem by Satoshi. The block reward covers miners expenses for the next 100 years or so, THEN, once the block size is large enough and transactions are in the millions, a fee of a few cents per transaction replaces the block reward.
> Can you rebut these counter-claims made by one of the Core devs?
Yes, easily. This article [1] shows what I am saying, Core devs are funded by Blockstream. [2] Greg Maxwell (nullc) is, "a very dangerous individual whose [actions] speak for themselves". Just read about his past, he is a master social engineer and manipulator.
[1] https://www.theblockcrypto.com/linked/60250/bitcoin-developm...
[2] https://www.reddit.com/r/btc/comments/74se80/wikipedia_admin...
> How are those developers being enriched? Lightning is free and open source.
Lightning does not work. It is a centralized "solution" to a decentralized problem. Sure, anyone can make a central database, hold Bitcoin and trade them, that is just an exchange, that is what Lightning is. What Blockstream is selling is not Lightning, their product is called Liquid.