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Bitcoin’s protocol schedules a block reward ‘halving’ roughly every four years, as designed by Satoshi Nakamoto. But the artificial block size cap currently sanctioned by Core developers and a majority of miners alike may actually cause a catastrophic result come July 2016. Here’s how.
Sponsor:
- Blackhalo/Bithalo: http://blackhalo.info or http://bithalo.org
Show links:
- Bitcoin halvings (less inflation over time): https://bitcointalk.org/index.php?topic=130619.0
- Difficulty readjustment details: https://en.bitcoin.it/wiki/Difficulty
- Place where people will actually talk to you about this stuff: http://reddit.com/r/btc
Music:
- “Paper Bag” by Fiona Apple: