Fees will support the network.
That’s why they are there.
100 years from now bitcoin should have destroyed the markets we currently live with.
Fees will support the network.
That’s why they are there.
100 years from now bitcoin should have destroyed the markets we currently live with.
What do the fees look like on big block chains today? 1 sat/vb isn’t paying the bills
Mining isn’t supposed to pay the bills.
The electric bills * for the mining. Aka there needs to be an incentive to mine or there is not a strong security model. Hashrate is low on big block chains for a reason. Demand for smaller block is clear because it results in higher fees that pay miners more.
As a miner you’re fucking lucky to break even.
Be happy if you make a few bucks.
The hash rate is high because of fomo.
Miners like small blocks & complex transactions as they make more in fees this way.
Could it be the miners themselves colluding making inscriptions/ordinals as a way of driving up fees?
You’re a small blocker you wanted Segwit/taproot what are your plans for fixing this?