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BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Is Everything Going to an O Fact Compliant?
Right now the security button is subsidized by the issuance of coins, right? And that every having that declines and it goes from your paying everybody's paying for the security budget. So as more coins 900 Bitcoin a day got, you know, got mine today; so our state in absolute terms and terminal terms are percent of the Bitcoin ownership hasn't declined at all. But in the current terms it has, and that's paying for minor security,. but in the future where the block subsidy is zero and the block reward is only feeswhere mining is brutally competitive and difficulty is ratcheted up so high or sufficient that you need free energy to compete with this thing at all.
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