- What is the most likely outcome if the Bitcoin security budget does decrease?
Some miners may not deem mining bitcoin profitable anymore therefore leaving the network. This would mame the network less secured of course but the network will still function with how much miners are still operating.
I also wonder when the final halving technically occurs. How is it programmed? Is there a hard stop, or does it stop when the reward is less than two satoshi and no more halving is possible?
The final halving will occur until it’s no longer possible to cut satoshi into half. Not two but if there is only less than 1 satoshi per block. After this there is no issuance of new bitcoins. New bitcoins entering the network anymore.