What happens if we run out of Bitcoin?

Plus mining isn't as decentralized as anyone would like yet

Nov 4, 2021

In this issue:

Disintermediating banks is only ok for banks to do
Is Bitcoin mining already centralized? (reader submitted)
What happens if we run out of Bitcoin? (reader submitted)

Critics: "gov will just ban it" Reality: - Members of Congress hold btc & extol its virtues on chamber floor - SEC approves BTC ETF - Long feared FATF guidance pretty tame, all things considered - President's stablecoin report comes out ok Not exactly a ban, now is it?

Disintermediating banks is only ok for banks to do

On Monday the President’s Working Group on Financial Markets released a report on stablecoins titled (appropriately enough) Report on Stablecoins. The paper is about 25 pages and lays out the PWGs formal recommendation about how the US government should approach stablecoin regulation. The group lays out three major risks and makes three corresponding recommendations about how to handle them:

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