We continue unpacking the NATpaper with Part 2 — diving deep into why $NAT has evolved from a novel idea to a structural necessity for Bitcoin’s long-term sustainability. With @SpiderPool_com, one of Bitcoin's largest mining pools, officially integrating @natgmi rewards, we're witnessing the early stages of an alternate security model being adopted at scale. We explore the fundamental question: can Bitcoin survive as a global monetary system without rethinking its incentive structure?

From dissecting Michael Saylor’s shifting perspective to drawing parallels between @blockbuster collapse and Bitcoin’s resistance to innovation, we lay out the full picture of what’s at stake. This isn't just about NAT anymore — it's about whether Bitcoin remains decentralized or becomes a Ponzi for sovereign nations.

We explain how NAT enables a second subsidy, how it ties directly to miner activity via the bits field, and why DMT opens the door to Bitcoin-aligned utility across other chains. If you’re a miner, developer, or policymaker — this is your blueprint for how Bitcoin can evolve without compromising its core ethos.

This is NATstoppable. Let's build forward.

Topics:

First up, Spiderpool becomes the first major Bitcoin miner to integrate NAT rewards, signaling real adoption of a second subsidy.
Next, the team breaks down the deeper implications of this move — questioning Bitcoin’s long-term sustainability and the flawed assumption that price alone will secure the network.
Then, revisiting Michael Saylor’s evolving stance on protocol changes and contrast it with the Knots vs Core debate, raising the alarm on complacency in Bitcoin.
And finally, outlining how NAT and DMT unlock a minimally invasive model for decentralized apps to return value to Bitcoin—without parasitically draining it.

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281. TBR - Why $NAT Becomes A Natstoppable Force NATpaper Explained Part 2

The Block Runner Podcast