The Three Economic Eras of Bitcoin

“Bitcoin is shifting to a new economic policy, with possibly higher fees.”

— Jeff Garzik https://medium.com/@jgarzik/bitcoin-is-being-hot-wired-for-settlement-a5beb1df223a

“Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.”

— Satoshi Nakamoto, Bitcoin: A Peer-to-Peer Electronic Cash System

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