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The Last Trade E044: Bitcoin Mining’s Next Epoch with Bob Burnett
Onramp Media
End of Free Access Period
The speaker discusses the shift from a free period of instantaneous access to the world's most powerful network to a period where users need to start paying for access. They highlight that this free access period was just an introductory phase that is now coming to an end as the network evolves. The speaker emphasizes the need for users to understand that this was not a perpetual arrangement and that fees for access are a natural progression towards sustainability and evolution of the network. They also touch upon the importance of fees and transactions evolving to become the majority of the network's value, moving away from the initial block subsidy model. The concept of subsidy and the evolution of transaction fees are discussed in the context of the network's development and Satoshi's vision.
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