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Oliver Chalk Profile picture
Oliver Chalk
@ProficieNtOCE
Crypto speculator, algo trader
Jul 7, 2019 • 16 tweets • 3 min read
1/16 Bitcoin's monetary policy is fundamentally flawed yet it is hailed as its greatest achievement. 2/16 Every 4 years, Bitcoin's defense (mining) budget will halve, resulting in an every shrinking mining industry. There are currently two ways to invalidate this claim:
- Bitcoin's price will double every year
- Transaction fees will make up for lost revenue