{"id":922160,"date":"2015-08-29T10:12:16","date_gmt":"2015-08-29T14:12:16","guid":{"rendered":"https:\/\/blog.himy.ca.muslimwiki.ca\/2015\/08\/29\/the-bitcoin-protocol-follows-a-declining-block\/"},"modified":"2015-08-29T10:12:16","modified_gmt":"2015-08-29T14:12:16","slug":"the-bitcoin-protocol-follows-a-declining-block","status":"publish","type":"post","link":"https:\/\/himy.ca.muslimwiki.ca\/blog\/2015\/08\/29\/the-bitcoin-protocol-follows-a-declining-block\/","title":{"rendered":"The Bitcoin protocol follows a declining block&#8230;"},"content":{"rendered":"<p>&#8220;The Bitcoin protocol follows a declining block reward schedule, whereby the number of bitcoins awarded for confirmed blocks halves every 210,000 blocks. The halving of the block reward is a significant negative shock to miners\u2019 revenue, similar to a large discrete price decrease.&#8221;<\/p>\n<p><cite>http:\/\/libertystreeteconomics.newyorkfed.org\/2015\/08\/entry-and-exit-leads-to-zero-profit-for-bitcoin-miners.html#.VeG3130oef4<\/cite><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The Bitcoin protocol follows a declining block reward schedule, whereby the number of bitcoins awarded for confirmed blocks halves every 210,000 blocks. The halving of the block reward is a significant negative shock to miners\u2019 revenue, similar to a large discrete price decrease.&#8221; http:\/\/libertystreeteconomics.newyorkfed.org\/2015\/08\/entry-and-exit-leads-to-zero-profit-for-bitcoin-miners.html#.VeG3130oef4<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":[],"categories":[1],"tags":[173],"views":743,"_links":{"self":[{"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/posts\/922160"}],"collection":[{"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/comments?post=922160"}],"version-history":[{"count":0,"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/posts\/922160\/revisions"}],"wp:attachment":[{"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/media?parent=922160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/categories?post=922160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/himy.ca.muslimwiki.ca\/blog\/wp-json\/wp\/v2\/tags?post=922160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}