Avalanche founder warns Bitcoin faces crisis from shrinking mining rewards, a bigger threat than quantum computing.

Avalanche founder Emin Gün Sirer warns that Bitcoin's economic design is flawed due to shrinking mining rewards after each halving event. This reduction threatens the network's security as miners may no longer cover their costs, potentially forcing them to operate at a loss unless transaction fees rise significantly. Sirer suggests a technical solution involving a pre-consensus layer to ease transaction validation, but this idea may face resistance from Bitcoin's conservative community. This issue poses a more immediate risk to Bitcoin's future than quantum computing or competing cryptocurrencies.