CD95: Bitcoin Miner Incentives with Nick Hansen and BitMEX Research
Citadel Dispatch
00:00
Bitcoin Mining Pools and Fee Markets
This chapter delves into the dynamics of Bitcoin mining pools, their behavior influenced by competition and size. It explores the concept of sustained high fee markets and the potential for more forks and reorgs due to mining pool optimization. The importance of transaction fees for security and censorship resistance is also discussed, along with concerns about balancing mining incentives and transaction costs.
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