Josef Tětek - BITCOIN'S SECURITY BUDGET IS ADEQUATE... FOR NOW  | #hcpp19
Channel: Paralelní Polis
Date: 2019-10-16

Towards a theory of adequate mining rewards. While some analysts have tried to derive the appropriate security budget / mining rewards from the future Bitcoin marketcap, I offer a bottom-up approach of looking at the onchain transacted values. We find there is an interesting correlation between how much gets transacted on-chain and how much the miners earn.

#hcpp19 #optout #paralelnipolis #instituteofcryptoanarchy