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A more recent video that was quite fun to watch. https://youtu.be/5f9s7HibZj8
Joe points out some flaws in his thinking, e.g. the decreasing incentives to selfish-mine as the block subsidy decreases. Also, on the econ side, Micah doesn't seem to appreciate the role of money as a SoV and would rather see it 'invested', which goes against the Austrian view that 'uninvested' money becomes more valuable for investing where / when better opportunities arise.
Thanks for this, I'll give it a watch!
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0 sats \ 0 replies \ @nym 19 Oct
I've always been interested in the long-term game theory of the decreasing block subsidy and how it will effect the economics of Bitcoin over time. I think it is a good thing, just a curious observer.
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