Citadel Dispatch cover image

CD29: bitcoin privacy and security with @craigraw and @ketominer

Citadel Dispatch

CHAPTER

Bitcoin's Usage Is Totally Driven by Price, You Know

The majority of Bitcoin's usage is driven by people trying to, you know, basically make or not lose whatever they have put sort of into it. At some point the number of users who will just be using it like you and I do will get to a point where the block size is just too small, right? That day will come. It's obviously not here today. We obviously don't have the usage in the world today for that to be true. For now, it's sort of price driven,. You know, thing and we shouldn't be too surprised about the 50% drop in hash rate because if mempool is pretty much empty, it's not going to suddenly change that

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner