My question on this topic is what is the role of whales in such a situation?
I mean how would whales who own thousands of bitcoins worth millions of dollars react when they see mining rewards drop and miners abandon their machines as the price of bitcoin continues to drop?
Will they be content to watch their bitcoins collapse in value in front of their eyes? Or will they do everything they can to raise the price of Bitcoin again?
I think it's an important question.
Duh whales will move to doge.
Doge has endless legs as the 10000 coin reward never ends.
So the supply is not limited like BTC, but the 'printing' of coins interns of percent gets smaller every year.
ie:
year 1 x coins
year 2 2x coins 100% inflation rate.
year 5 5x coins
year 6 6x coins 20% inflation rate
year 10 10x coins
year 11 11x coins 10% inflation rate
year 20 20x coins
year 21 21x coins 5% inflation rate
year 50 50x coins
year 51 51x coins this is 2013 + 51 = 2063
rewards for btc would be about 0.00305 in 2064 see below
All of above is why I said we should go to 8 year ½ ing to stretch the dropping of rewards out over a longer time.
same 21 mill coins but making 20 minute block times and 72 blocks a day gives system more time to adjust to the drop-off.
I would argue the worst things for btc are
1) 4 year ½ ing
2) is only 8 digits not 10
3) LN
4) block size should go up on a regular basis we can get to 32 we are at 2
those four things make doge look really good in 2064