A controversial Bitcoin discussion is back in focus.
Peter Todd has argued that Bitcoin could eventually consider tail emissions â a small, permanent block reward to keep miners incentivized after the current subsidy becomes extremely small.
The argument: â Lost BTC may offset some new issuance
â Miners need sustainable incentives
â Transaction fees alone may not guarantee future security
â Small emissions could provide long-term network support
But thereâs a major problem:
The 21M cap is part of Bitcoinâs core monetary promise.
Removing it could change how investors view Bitcoinâs scarcity and monetary policy.
So the long-term question becomes:
đ 21M hard cap vs. âžď¸ Sustainable tail emissions
This is not an immediate proposal or protocol change. Itâs a debate about how Bitcoin keeps itself secure in the distant future.