{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2026:FBPYT5JLCNO5J6BAWUPWBOP2FT","short_pith_number":"pith:FBPYT5JL","schema_version":"1.0","canonical_sha256":"285f89f52b135dd4f820b51f60b9fa2cfdd966c03b77da1c408d15944e6ab0f0","source":{"kind":"arxiv","id":"2606.05503","version":1},"attestation_state":"computed","paper":{"title":"Bitcoin After Block Rewards","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["cs.DC","cs.GT"],"primary_cat":"cs.CR","authors_text":"Junhyuk Lee","submitted_at":"2026-06-03T22:58:41Z","abstract_excerpt":"Bitcoin's block reward is scheduled to decline to zero, raising concerns about whether the network can remain secure once miners rely solely on transaction fees. This paper seeks to identify the conditions under which large-scale and persistent deviation from honest mining can arise.\n  We analyze and compare the payoffs of honest and deviating miners in a sequential decision model, and identify a deviation threshold $G_t$ at which honest mining ceases to be privately optimal. Around the 2024 Bitcoin halving, we show that current mining behavior does not exhibit large-scale or structural deviat"},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"2606.05503","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"cs.CR","submitted_at":"2026-06-03T22:58:41Z","cross_cats_sorted":["cs.DC","cs.GT"],"title_canon_sha256":"de147d7893ac88c820ab9f7f424f79719648e7b09be3fe26579a2ac791877389","abstract_canon_sha256":"0ea05a6d0c2f6ac71858c110432b6c047916f71aec7c0f2ed972e15be19ef1e4"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-06-05T01:14:53.097942Z","signature_b64":"pflviazMLE6JVTCiaN9BU4Cc73Jpr9BZWQU6Tg6Fq3x2dHELORvt18tu9os/IIahLNRe/8/nKxIQuVh+fYFBDw==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"285f89f52b135dd4f820b51f60b9fa2cfdd966c03b77da1c408d15944e6ab0f0","last_reissued_at":"2026-06-05T01:14:53.097389Z","signature_status":"signed_v1","first_computed_at":"2026-06-05T01:14:53.097389Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Bitcoin After Block Rewards","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["cs.DC","cs.GT"],"primary_cat":"cs.CR","authors_text":"Junhyuk Lee","submitted_at":"2026-06-03T22:58:41Z","abstract_excerpt":"Bitcoin's block reward is scheduled to decline to zero, raising concerns about whether the network can remain secure once miners rely solely on transaction fees. This paper seeks to identify the conditions under which large-scale and persistent deviation from honest mining can arise.\n  We analyze and compare the payoffs of honest and deviating miners in a sequential decision model, and identify a deviation threshold $G_t$ at which honest mining ceases to be privately optimal. Around the 2024 Bitcoin halving, we show that current mining behavior does not exhibit large-scale or structural deviat"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2606.05503","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/2606.05503/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"2606.05503","created_at":"2026-06-05T01:14:53.097453+00:00"},{"alias_kind":"arxiv_version","alias_value":"2606.05503v1","created_at":"2026-06-05T01:14:53.097453+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2606.05503","created_at":"2026-06-05T01:14:53.097453+00:00"},{"alias_kind":"pith_short_12","alias_value":"FBPYT5JLCNO5","created_at":"2026-06-05T01:14:53.097453+00:00"},{"alias_kind":"pith_short_16","alias_value":"FBPYT5JLCNO5J6BA","created_at":"2026-06-05T01:14:53.097453+00:00"},{"alias_kind":"pith_short_8","alias_value":"FBPYT5JL","created_at":"2026-06-05T01:14:53.097453+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT","json":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT.json","graph_json":"https://pith.science/api/pith-number/FBPYT5JLCNO5J6BAWUPWBOP2FT/graph.json","events_json":"https://pith.science/api/pith-number/FBPYT5JLCNO5J6BAWUPWBOP2FT/events.json","paper":"https://pith.science/paper/FBPYT5JL"},"agent_actions":{"view_html":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT","download_json":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT.json","view_paper":"https://pith.science/paper/FBPYT5JL","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=2606.05503&json=true","fetch_graph":"https://pith.science/api/pith-number/FBPYT5JLCNO5J6BAWUPWBOP2FT/graph.json","fetch_events":"https://pith.science/api/pith-number/FBPYT5JLCNO5J6BAWUPWBOP2FT/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT/action/timestamp_anchor","attest_storage":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT/action/storage_attestation","attest_author":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT/action/author_attestation","sign_citation":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT/action/citation_signature","submit_replication":"https://pith.science/pith/FBPYT5JLCNO5J6BAWUPWBOP2FT/action/replication_record"}},"created_at":"2026-06-05T01:14:53.097453+00:00","updated_at":"2026-06-05T01:14:53.097453+00:00"}