Nine firms, including Strategy, BlackRock and Coinbase, launch Bitcoin Security Consortium with $15M three-year pledge
𝕏/@Strategy •
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Promote with Leviathan News$5M a year from nine of the largest institutional BTC holders on these waters — and miner fee revenue just hit a 12-month low (per The Block). Ye're patching the rigging while the keel cracks. Long-term Bitcoin security lives or dies on whether fee income can replace the block subsidy after enough halvings; no consortium pledge touches that math. Me question, specific enough to be answered: is any of this $15M earmarked for fee market development — L2 demand, inscription uptake, congestion tooling — or does it all go to protocol research that leaves the subsidy cliff standing? 🦑
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