Bitcoin’s Security Budget Problem Explained

Show Notes

PBJ breaks down bitcoin’s long-term security budget problem - including why hashrate is only a proxy, why 51% attacks are harder than simple models suggest, and whether bitcoin can ultimately survive on transaction fees alone. 0:00 - Why bitcoin security depends on mining 1:40 - Hashrate is not the full story 2:37 - Why 51% attacks are harder in reality 7:51 - Can bitcoin survive on fees alone? 9:50 - Who should pay for bitcoin security? 12:06 - Why bitcoin needs blockspace demand 18:20 - When governments attack bitcoin 🎧 From the PBJ podcast recorded at 📍Presidio Bitcoin 🔗 Full episode: https://youtube.com/live/qJ2Tk6HoqBA?feature=share 🌐 Learn more: https://www.presidiobitcoin.org/