In line with the custody theme in the podcast I am discussing here the profound changes the use of a public key infrastructure will have on the world of financial services, in particular in the area of custody.
This is the second part of the Short STOry Academy lecture on the economics of Bitcoin mining, including the analysis of what will be happening to miner profits and the hash rate.
Halvening is coming up and there seems to be a lot of confusing around what this will be doing to Bitcoin, and in particular the hash rate. On first sight this indeed looks like a complex problem, because the bitcoin mining community is a complex system, and the difficulty adjustment introduces a feedback loop the impact of which can be somewhat hard to understand. Fortunaly microeconomics has just the toolkit we need, in the form of the supply/demand analysis, to cut through all this complexity and to understand what will be going on.
The Short STOry is first and foremost an audio podcast that you can listen to whenever you have 5-10 minutes downtime or are on the move. However, some topics work better on video, and sometimes it is just nice to see the person that belongs to the voice. This is why we’ve introduced The Short STOry Video channel with high quality videos hosted on our YouTube channel.
We are expecting that by and large the vides we produce will the part of The Short STOry Academy but from time to time we might also be throwing a video into our general news podcast for good measure.