Justin Drake Criticizes Bitcoin's Security Model, Claims It Is on a Path to Self-Destruction
Ethereum Foundation researcher Justin Drake stated on X that Bitcoin's proof-of-work (PoW) security model is in a "ticking time bomb" state. He pointed out that after several block reward halvings, the proportion of Bitcoin's fee income to miners' total income remains at about 1%, with the current daily average fee income being less than 10 BTC, marking a 13-year low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HBAR Price Eyes $0.155 as Traders Watch Key Recovery Levels
Microsoft Beats Nvidia for the First Time Since 2025: So Why Is MSFT Stock Falling?
Gunnison hits rich copper and zinc in Arizona
EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
Crypto prices
More
