The Weekly Reorg: This Time Is Different

My buddy Harry Sudock has a wager with Danny Knowles of What Bitcoin Did fame about the prospect of a 50 BTC block reward in this new epoch. Putting aside a couple of fat fingers, the last time this happened was over 4000 days ago.

Late last Friday night, his bet almost hit on the very first halving block, a 40.751 BTC stunner.

Ironically, miners were the big winners at this turn of the epoch, netting just over 100 million dollars in total revenue on the day — almost five times the previous all-time high.

The days around the halving, visualized as block fee rates.

— softsimon (@softsimon_) April 21, 2024

Beyond the numbers, this time…

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