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Replying to Avatar Ronin

No one has to pay the miners. People start thinking miner must be paid(How much and for how many miners BTW?) otherwise Bitcoin fails then they start thinking well maybe we should remove the 21M fixed supply or we must introduce some kind of hodl tax. Stop it. Bitcoin would not be resistant and decentralized if it required miners to be actively supported. Hashrate follows Price, ie: Bitcoin security is adjusted according to MC, not the other way around, so buying and hodling is contributing to Price increase and hashrate as consequence. Having said that spending and creating circular economies is absolutely necessary, but its not related to hashrate, miners or security.

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The Daniel ⚡️ 5mo ago

If mining is a lottery there will always be incentive to mine it. I never understood why anyone thinks miners are entitled to income. You also can’t gauge bitcoin’s demand just from looking at on-chain activity.

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