Purchasing Power and Long-Term Security in Bitcoin and Monero
Both Bitcoin and Monero’s long-term security models are deeply reliant on the purchasing power of their native coins rather than purely on technical features like block rewards or tail emission. Monero’s introduction of tail emission ensures a perpetual miner incentive, but cannot guarantee enduring security if XMR loses demand or value. Bitcoin, similarly, will ultimately rely on transaction fees, which must retain meaningful real-world utility to incentivize miners and sustain network integrity. Technical fixes can help but do not override the fundamental economic principle: security budgets must maintain purchasing power to attract ongoing miner participation and prevent attacks.
