Qubic Monero Attack, Bitcoin's Empty Mempool and Gajumaru Fast Settlement

The Bitcoin Death Spiral: Why an Empty Mempool Destroys Long-Term Value
Bitcoin's $124,000 price masks a terminal crisis: an empty mempool that proves the system has failed its core purpose as peer-to-peer electronic cash.
The Death Spiral Logic:
An empty mempool means no demand for block space, which means no commercial utility, which means transaction fees collapse (down 80% since April), which makes mining unprofitable, which reduces security, which creates vulnerability to economic attacks like Qubic's successful takeover of Monero with just 35% hashrate.
The Real Problem: Institutional capture. BlackRock and other ETFs hold 1.3 million Bitcoin in custody as database entries, bypassing the blockchain entirely. They've transformed Bitcoin into the exact intermediated financial system it was designed to replace.
Why This Kills Long-Term Value:

Security model collapse as mining becomes economically unsustainable
Network effects erosion as businesses build on platforms that actually work
Mining centralization (95% controlled by five accounts) creating attack vulnerability
Satoshi's economic model failure—fees were supposed to replace diminishing block rewards

The 2028 halving will cut rewards to 1.56 BTC per block. With fees providing only 1-2% of miner revenue instead of the required majority, the economics don't work. Period.

00:00:00 51% Attack Analysis
00:07:52 Defensive Mining Insights
00:14:18 Defensive Mining Explained
00:17:30 Witnessing and Finality
00:26:08 Finality and Network Splits
00:36:28 The Future of Bitcoin
00:52:36 Decentralized Economic Opportunities
01:09:48 The Future of Bitcoin Mining
01:14:39 Mining Dynamics and Transaction Fees
01:27:59 Language and Blockchain
01:29:58 The Viability of Bitcoin
01:41:58 The Future of Cryptocurrency