Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
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Is the Cost of Bit Coins Going Up?
Yoimean: I was thinking that this higher cost to produce each bitcoin is actually incintivizing miners to hold right? So that's what's boot strapping bit coin's price upward. We're in a gold rush right now, or a bikoin rush, call it,. Between now and like 20 35 we'll have mined 99 % of the bi coin, so you've got 14 years. And during the 14 years, the block rewards are pretty high, relatively speaking. But the business is going to become less profitable, likely, at the very least we know it's going to rotate into a transaction fee business.
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