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Halvings are always looked at as seminal events, a demarking of the end of one era and the beginning of a new one. In the same way that Americans come out of the woodwork to clamor over the new set of presidential candidates in the election cycle, Bitcoiners come flooding out to celebrate the successes of the past block reward epoch and look forward to the possible successes of the next.

I would argue that this halving, it is imperative to do the exact opposite of that in regards to the mining ecosystem. We should be deeply concerned with the potential of…

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