Took a quick look at Bitcoin's security spend. In short, it's not looking good. "Fees will replace block rewards" is completely not the case so far.
— Mira Hurley (@mira_hurley) April 19, 2023
What we instead see is diminishing security over time, surprisingly consistently. This makes Bitcoin vulnerable 🧵 (short) pic.twitter.com/D9ESjl5kKn