Miners are paid two ways: newly issued bitcoin, and the fees you pay to transact.
The issued half — 3.125 BTC every block, 52,560 blocks a year — halves every four years and ends.
That is the security budget, and it is draining. Six replacements have been proposed — play each one
and call it. The record answers, with sources you can open.
the gap—vs your bestyour best—fees can pay—a year, of market capyour target0.82%a year, of market capcalled0/6six to scorewhere you are
▲ this exittarget ▶
striped = reaches the target only on a counterfactual — a fork with no path, or a market cap thousands of times today’s
the gap did not move — that is the finding
Bitcoin’s security budget is draining.
six proposed exits · five are sealed by design · close the gap