BIP-110 is trending again with 1.1% of miner support.
Reminder: ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 has over 65% of global Bitcoin miner support because the miners have opted to make more money.
This is what its all about.
No one is going to mine Bitcoin because its the right thing to do. They're going to mine it because they can make money from it. As soon as it dries up, they'll pivot to anything else that will make them money which is their right. That is why many miners are pivoting to AI HPC.
Bitcoin will not exponentially grow in value forever, this is why NAT is critical. This relieves the requirement for Bitcoin to exponentially grow in value (impossible task anyway)
NAT can grow as Bitcoin grows and therefore provide a consistent subsidy that is proportional to the value protected.
The United States spends 3.5% of its GDP on the military. That's $1.5 trillion security budget for the largest and best country in the word.
If Bitcoin is the largest and best money in the world, then its reasonable to spend 3.5% of its market cap on security. Currently that spend is less than 0.88% and getting worse over time due to halvings.
NAT can be 3.5% of Bitcoin which would put it at $40B market cap. We've seen meme coins pull this off.
Today ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 is worth north of $40 M.
The Big Takeaway: The mechanic of a market driven subsidy is the sustainable security budget model for Bitcoin since NAT does not have an exponential decay.
This means Bitcoin requires:
✅ no hard forks
✅ no supply changes - Keep 21M supply
✅ no taxes for holding Bitcoin (Demurrage)
✅ No proof-of-stake/authority discussions 🤮
✅ No burning of Satoshi's coins
✅ No change in block size (no block size wars again)
Six fixes have been proposed for Bitcoin's security budget. Only one doesn't put Bitcoin itself at risk
Fork it, dilute it, neglect it, or hand it to a state — every other fix changes what makes Bitcoin Bitcoin. $NAT changes none of it: no fork, no new issuance, market-funded
Dollar for dollar of market cap, $NAT funds about 6× more block security than Bitcoin — and price is not needed for that calculation.
~6.3× today — and it steps up at every halving. By the 2048 halving, it will be nearly 200x per dollar- block security in favor of NAT vs BTC