law theory?
I think it is a heap of garbage mostly. Claims to explain the long term behavior of BTC with incorrect assumptions about the long term security model
Would you mind to explain the incorrect assumptions of the model that makes it invalid?
Not really, but the gist is 95-97% of miner revenue comes from block rewards and that will run dry and needs to be made up by user fees instead or supply will need to be increased. There is no solution to date.
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