A detailed explanation 🧐 The legitimacy of BTC ecosystem projects comes from the ability to provide a continuous and stable security budget for the BTC mainnet, fulfilling Satoshi Nakamoto's vision in the Bitcoin white paper of compensating for the decreasing block rewards due to halving with miner fees, thus avoiding the dark reality currently faced by the Monero mainnet. However, for developers, miners, institutions, holders, and Maxis in the Bitcoin community, this is a significant but not urgent matter in terms of priority. After all, it is conservatively estimated that it would take three halving events, or 12 years, before a "Monero crisis" could occur on the Bitcoin mainnet, and no one can determine at this moment whether Bitcoin's future price increase will be able to cover the decline in rewards caused by halving. In short, Bitcoin ecosystem projects are aimed at a distant and uncertain future. This leads to the inability of Bitcoin ecosystem projects to emerge with PMF...
A terrifying evolution logic analogy for crypto projects 😱
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Can we reach the other side (Hyperliquid-style PMF)?
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