Halving block reward

1 answers
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Halving block reward

In the light of the block reward being halved on the 13th of May I was wondering the following scenario; Halving the block reward means mining becomes a less profitable activity. This means the incentive for many miners could be negligible. This could potentially put a lot of miners out of business because the ROI is too low. This would mean two important things for the Blockchain;
1) A lower amount of miners means the network is more vulnerable for a 51% attack.
2) Transaction validation will be even slower, making the Bitcoin Blockchain even less appealing for use cases.

What are your thoughts on this take and am I missing something important? Or why is there a very slim chance of this happening?

Thank you in advance!

Answer will be added soon.


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