Junhyuk Lee | Searcharxiv

arXiv2026

Bitcoin After Block Rewards

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. 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 deviation. However, when the block reward is removed, the $G_t$ criterion implies that deviation can arise even with a very small fraction of transaction fees. Finally, we evaluate three protocol-level mechanisms: Base Fee, Fee Floor, and an adaptive maximum block size rule, and show that their combination raises the deviation threshold and mitigates incentive breakdown in a fee-only regime. These results provide a practical benchmark for assessing Bitcoin's security as block rewards disappear.

cs.CR↗

arXiv2021

MelBERT: Metaphor Detection via Contextualized Late Interaction using Metaphorical Identification Theories

Automated metaphor detection is a challenging task to identify metaphorical expressions of words in a sentence. To tackle this problem, we adopt pre-trained contextualized models, e.g., BERT and RoBERTa. To this end, we propose a novel metaphor detection model, namely metaphor-aware late interaction over BERT (MelBERT). Our model not only leverages contextualized word representation but also benefits from linguistic metaphor identification theories to distinguish between the contextual and literal meaning of words. Our empirical results demonstrate that MelBERT outperforms several strong baselines on four benchmark datasets, i.e., VUA-18, VUA-20, MOH-X, and TroFi.

cs.CL↗