Discover and read the best of Twitter Threads about #SecurityGoingDown

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The Bitcoin halving is commonly perceived as #NumberGoUp

But isn't it more of a #SecurityGoingDown meme?

Let's look at the fundamentals and some actual numbers:
Proof of work provides consensus-layer security for Bitcoin

PoW relies on miners to actually run infrastructure

That costs money which miners must earn somehow
Miners make money by

(1) block rewards, which are cut in half every 2 years and

(2) transaction fees, hopefully increasing to compensate (1)
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