Eps 27: The Future of Bitcoin
— The too lazy to register an account podcast
The imminent halving of the "block subsidy" exposes a fundamental threat to Bitcoin.
The subsidy typically makes up over 99% of the total income (see Graph 1 below, left-hand side).
Scenarios involving lower liquidity mean that on-chain bitcoin trading will either be much slower or subject to much higher fees than is the case today.
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Isobel Graves