Bitcoin economics brian crain
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Economics of Bitcoin Brian Fabian Crain @crainbf Inside Bitcoins Berlin March 5, 2015
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Transcript of Bitcoin economics brian crain
1.Mine empty blocks, disregard blocks of other miners
2.Pay 10x per share to miners
Undermining Confidence
Collapse in Revenues
Pre-Halving
Post-Halving
Block Reward $1,000 $500
Transaction Fees $500 $500
Operating Costs $1,200 $1,200
Net Profit $300 -$200
Credit
Alex Mizrahi, Jonathan Levin, Callum Macdonald, Martin Köppelmann, Vitalik Buterin, Robert Sams, Daniel Gallancy, Tim Swanson, Meni Rosenfeld, Sebastien Couture & others