Replying to Avatar Erik

bitcoin …

If there is no incentive for miners to earn fees, they would literally save money by stopping miners. Hashrate goes down, fees go down, etc… then it becomes less expensive to transact on layer 1 for commerce. The benefit being its “more” secure on layer 1.

Alternatively, number go up and the discrepancy is filled by price difference.

WORK HARD. STACK SATS.

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LightningSpore 9mo ago

I don’t think it ever gets cheaper to transact on-chain just because miners stop mining. 1 sat/vbyte = 1 sat/vbyte

Price goes down, purchasing power goes down, 1 sat/vbyte is cheaper, but at the expense of your purchasing power 🥺

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Erik 9mo ago

Yes THIS. Purchasing power goes down in fiat terms, is my meaning. ~cheaper.

Thanks for the reminder 1 sat = 1 sat. 🔥🔥🔥

Less fiat mind, more corn mind 🌽