The Block Runner is a podcast that makes cryptocurrencies like Bitcoin relatable to you. We believe crypto is a foundational piece of technology that will have a lasting impact on society and it'll be key that everyone understands what it is. The Block Runner is your final source for cryptocurrency technology, explanations and news with a splash of comedy.
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The Block Runner is a podcast that makes cryptocurrencies like Bitcoin relatable to you. We believe crypto is a foundational piece of technology that will have a lasting impact on society and it'll be key that everyone understands what it is. The Block Runner is your final source for cryptocurrency technology, explanations and news with a splash of comedy.
280. TBR - How Much Is Bitcoin’s Security Worth? NATpaper Explained Part 1
The Block Runner Crypto Podcast
1 hour 8 minutes
1 month ago
280. TBR - How Much Is Bitcoin’s Security Worth? NATpaper Explained Part 1
Is Bitcoin’s security future-proof? We dive deep into why Bitcoin’s long-term survival hinges on increasing its cost of attack—and how $NAT may be the missing piece. We explore the uncomfortable truth: Bitcoin isn’t being used as peer-to-peer cash, and the current fee model may not be enough to sustain its security past 2140.
We challenge core assumptions about BTC’s future, question the infinite doubling thesis, and unpack how @natgmi aims to subsidize miners, increase decentralization, and reinforce Bitcoin’s cost of attack without altering its monetary policy.
From trillion-dollar hypotheticals to hardware realities, this is part 1 of our breakdown of the NATpaper.
Topics:
First up, they explore why Bitcoin’s value doesn’t come from its market cap, but rather its cost of attack — and how that defines its long-term viability.
Next, they break down why Bitcoin alone may not be able to sustain its own security budget forever, especially as mining rewards approach zero by 2140.
Then, they introduce the NAT token as a potential solution — not just a subsidy, but a parallel system to reinforce Bitcoin’s decentralization and resilience.
And finally, they take on critics like Adam Back and lay the foundation for NAT’s origin, design, and why it may be the most important innovation since Bitcoin itself.
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The Block Runner Crypto Podcast
The Block Runner is a podcast that makes cryptocurrencies like Bitcoin relatable to you. We believe crypto is a foundational piece of technology that will have a lasting impact on society and it'll be key that everyone understands what it is. The Block Runner is your final source for cryptocurrency technology, explanations and news with a splash of comedy.