Tell me how? 😊
Discussion
Because at the end of the era of subsidy only the fees will encourage minors to mine, but above all the fees prevent spam.
It turns out neither of those assumptions is correct. They haven't prevented spam.
As you know the #blockchain is being bloated with all kinds of #spam. Called #inscriptions #ordinals #nfts #tokens etc.
They do the above to artificially drive up fees. Which frankly is theft.
With respect to the end of the block subsidy. Trying to make a prediction about fees a hundred years from now is folly.
100 years from now Bitcoin will return to its original design as a #self-contained #P2P Cash system. Exactly the way that Satoshi designed it, and how I first used it.
Smartphones and raspberry pi will be enormously powerful.
People will process Bitcoin blocks on their smartphones etc. For free. Just like Satoshi said.
Satoshi didn't incorporate fees in his original design. Do you really think the designer of Bitcoin didn't know what he was doing?..😊
Transaction fees are part of the Bitcoin white paper written by satoshi, they were not required at the beginning because there was little demand for block space.
Without the fees we would have 4MB blocks filled with inscriptions, without the fee the miners would not even know which transaction to take first, they would take transactions at random because they would have no economic incentive to mine transactions.
First of all #inscriptions have to go, and probably #taproot along with it. It's just more trouble than it's worth. It's full of front doors and back doors. Which are all security threats.
Most importantly, Bitcoin doesn't need any of that garbage. Transactions should be on a first come first serve basis. They're trying to make Bitcoin and unregistered security. We can't allow that.
We have to make a clean break. We can't let Bitcoin go down with them..⚖️👮♂️
See below 👇😊