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Bitcoin’s BRC-20 Mania: Is It Sustainable? - Ep. 493
Unchained
Bitcoin's Security Model Is Broken
For the first time since 2017, we saw a block where the fees were greater than the subsidy. We're in a place where we're de-risking the long-term security of Bitcoin thanks to demand for block space. And who knows what an appropriate level of security spend should look like? Is it $100 billion or is it a billion percentage of flow? We don't know.
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