There will never be more than 21 million #Bitcoin, but a new valid block of transactions is always out there somewhere.
In other words - A Satoshi is scarce; arbitrary data on the timechain is not.
There will never be more than 21 million #Bitcoin, but a new valid block of transactions is always out there somewhere.
In other words - A Satoshi is scarce; arbitrary data on the timechain is not.
This is both correct & quite profound.
It tends to indicate a decreasing fee rate over time rather than an increasing one.
Fees will go up in fiat terms over time of course.
