Bitcoin’s security risk starts when one block gets far more fees than the next
Bitcoin’s security-budget debate normally starts with one complete: how a lot miners gather in transaction fees as the block subsidy shrinks. A July 2026 NBER working paper by Fabian Schär, Dario Thürkauf, and David Yermack factors to a second variable. Using information from 2017 via 2025, the authors report that bigger charge variations between adjoining…
