death by halving



Summary:

Alex Mizrahi, in an email to Jeff Garzik, warned that the hashrate could drop by over 50% immediately after the halving, before difficulty is updated. This combination of factors poses a real threat to the Bitcoin network. However, Jeff Garzik believes that well-informed and prepared market participants are unlikely to engage in "flag day" herd behavior. Jeff Garzik is a Bitcoin core developer and open source evangelist who works for BitPay, Inc.


Updated on: 2023-06-09T03:27:53.721577+00:00