AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Trading Crypto Inflection Points | Hal Press
Empire
Bitcoin Is Not Decentralized, but It Generates Fees
Thayer Hill: I do not think that an SOV can just keep paying for its security by emitting tokens to miners and having them just sell those back into the market. The problem is Bitcoin doesn't generate any fees, and the fees have been down only for a long time. There's only one chain that does generate fees that are sort of large enough to actually cover the security budget, and that's ETH. He says he envisioned a world in 10 years where Vitalik is no longer really involved with ETH. And at that point, it will be equally decentralized, equally censorship resistant,.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode