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Ethereum Researcher: Bitcoin Security Budget a ‘Ticking Time Bomb’
30.5.2025
Justin Drake, an Ethereum Foundation researcher, claims that the security model of the Bitcoin network is broken, as transaction fees have failed to reach a significant fraction of the total network earnings, including the block subsidy. Bitcoin Security Model at Risk, Proof-of-Work...
Bitcoin Core Developer: Erosion of Security Budget May Undermine Bitcoin’s Monetary Fundamentals
28.4.2025
James O’Beirne, a Bitcoin Core developer, has raised concerns about the state of Bitcoin’s security budget and how its ongoing erosion might jeopardize what he refers to as ‘property rights.’ O’Beirne emphasized that there is little time to address this issue. Bitcoin Core Developer James O’Beirne...
Blockchair’s Lead Developer Expresses Concerns Over Bitcoin’s Security Budget
1.5.2024
Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving. After...
How Bitcoin NFTs Might Accidentally Fix Bitcoin's Security Budget
6.2.2023
Ordinal NFTs have rejuvenated Bitcoin’s transaction fee market. Will it prove useful?