Part 14/20:
Cohen echoed Rob’s stance, emphasizing that both PoW and PoS are vital experiments that serve different purposes. He sees no imminent end to either but believes Bitcoin's PoW model offers inherent advantages in decentralization and security. Both agree that the internal debate will continue into the next decade, with each mechanism playing a vital role in the evolving blockchain ecosystem.
Market Dynamics: Supply, Liquidity, and Institutional Moves
A series of audience questions centered on Bitcoin’s supply calculus and behavioral patterns. One key insight revolved around the shrinking Bitcoin supply on exchanges—less than 2.2 million coins remain—raising questions about how institutions might act.