Is Bitcoin secure after the block subsidy ends?
Bitcoin has been secure against double-spends and other attacks for the last ten years. That may not be enough to infer it will be s...
Show More
Is Bitcoin secure after the block subsidy ends?
Bitcoin has been secure against double-spends and other attacks for the last ten years. That may not be enough to infer it will be secure into the far future. The declining block subsidy could change that equation and raises some uncomfortable questions.
Hasu played online poker for 10 years where he studied the theory and applications of game theory. He has always been interested in markets and microeconomics on the side - always self-taught. After poker, he dedicated himself to studying Bitcoin, which is a perfect blend of his existing interests. He frequently micro-blogs on Twitter as well as in longer form on uncommoncore.co, a blog that is read by many industry leaders. Since Q4/2019 he runs a research outlet for the options exchange Deribit, and since Q1/2020 also writes occasional op-eds for CoinDesk. Much of his recent work is focused on the economics and security of public blockchains, which has culminated in the release of a paper “A model for Bitcoin’s security and the declining block subsidy” together with Curtis and Prestwich in Q3/2019 that was well received.
About Bitcoin he says:
"Bitcoin could unbundle money and state by giving the private sector a way to compete in a previously closed market."
This presentation was performed during the Value of Bitcoin Digital - Halving Edition on May 11th 2020 - more information: https://vob-conference.com
Follow the Value of Bitcoin on Twitter - http://www.twitter.com/ValueOfBitcoin