In the field of digital currency, Bitcoin has always attracted much attention. However, a recently controversial topic is that with the Bitcoin halving event, will the halving of the block reward affect the security of Bitcoin? Meanwhile, another hot topic is the ongoing debate on Twitter. This article will delve into these two topics, analyze the security challenges of Bitcoin without block rewards, and the story behind the Twitter storm.

As one of the most famous cryptocurrencies, Bitcoin's security has always attracted much attention. With the block reward halving, people are beginning to worry that the security of the Bitcoin network will be threatened. However, in fact, Bitcoin’s security does not solely depend on the size of the block reward. Bitcoin's security is based on its decentralized blockchain technology, which ensures the transparency and non-tamperability of transactions. Even if the block reward is halved, the Bitcoin network can still ensure the confirmation of transactions and the safe operation of the network through the computing power of miners.

Additionally, Bitcoin’s security is due to its widely distributed network. Miners around the world participate in the maintenance of the Bitcoin network, making any malicious behavior subject to supervision and verification of the entire network. This decentralized feature makes Bitcoin highly resilient in terms of security and difficult to be attacked or manipulated. Therefore, even if the block reward is halved, Bitcoin can still maintain its security. This security is based on technology and network, not just on the number of block rewards.

On the other hand, on digital social media, Twitter has always been an important platform for information dissemination and public opinion expression. However, recently there has been another controversy on Twitter. Various opinions and voices intertwine fiercely on Twitter, sometimes even turning into wars of words. This Twitter storm reflects people's concerns about freedom of speech and information dissemination, and also highlights the huge influence of social media platforms in shaping public opinion and influencing public opinion.

As an open platform, Twitter provides users with a space to express their opinions and exchange information. However, this openness also brings about some problems, such as the boundaries of speech and the influence of speech. On Twitter, a single tweet can set off a chain reaction that affects public opinion and even political situations. Therefore, Twitter, as a social media platform, needs to manage the dissemination of information more responsibly, avoid the spread of false information and hate speech, and maintain social harmony and stability.

To sum up, the security of Bitcoin without block rewards will not be greatly affected. Its security is based on technology and network. The controversy on Twitter reminds us of the importance and influence of social media platforms and the need to manage information dissemination more responsibly. In the digital age, we need to treat information more rationally and prudently, and at the same time, we need to protect freedom of speech and the diversity of information dissemination to build a more open and inclusive society. May we keep a clear mind in the ocean of information, express ourselves rationally, and jointly create a better future.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Are all the bits without block rewards? Linux Kernel developer Rusty
Russell expressed concerns about the dwindling block rewards. In a recent article, he questioned Dan, the co-founder of crypto asset management platform Interchange.
Held's point of view, the latter believes that as the Bitcoin blockchain incentives gradually shift from block rewards and handling fees to pure handling fee income, the security of the network will not be affected.

Russell tweeted:

“Once the block rewards end, it’s not unreasonable to have concerns about Bitcoin’s security, unless you think a $100,000 fee is reasonable.”

Held pointed out in an earlier article:

“1. The larger the Bitcoin network, the more secure it is;

2\.
In the long term, there will be an organic security trade-off between block subsidies and transaction fees. As the network effect increases, the demand for block space increases, thereby reducing the need for block subsidies. There is empirical evidence that this is happening and the future looks promising;

3\. Bitcoin’s block space is a scarce and unique commodity, and its demand will continue to increase;

4\. The bull run of 2017 was not about millions of consumers suddenly using blockchain to move money around the world and seeking to minimize transactions, volatility and coordination fees;

5\. Price elasticity of Bitcoin transactions

Very high. Even in a higher-fee environment, demand for Bitcoin block space will grow. "

There is a point in the Held article: “I would assume that hundreds of billions of dollars in current U.S. dollars would be a sufficient security budget for a government to 51% of the Bitcoin blockchain by wasting a lot of costs. An attack is unlikely."

In this regard, Russell gave an example to explain why we must pay attention to the security of Bitcoin when turning to fees.

“Let’s say it costs $700 million to destroy 100 blocks… At that point, miners’ coins start disappearing and chaos ensues. That means we’re paying $700 million in fees for every 100 blocks… We can squeeze approximately 10,900 inputs and outputs into a block for a fee of $700 per transfer.”

Bitcoin supporter Giacomo
Zucco said that the halving does not mean that users’ purchasing power will decrease, but that miners’ income will increase. He believes that the factor affecting block subsidies lies in the success of Bitcoin popularization. In his view, Bitcoin transaction fees will rise once full adoption is achieved, but he believes this will only happen at the end of the halving process.

He believes that as Bitcoin becomes more successful and more exposed, the growth of block space will definitely outpace the deceleration of block subsidies.

Bitcoin block rewards will gradually decrease with the halving. Will this affect network security? What do you think?