Replying to Avatar B.O.P

This high fee environment is the future of Bitcoin though so I would suggest you think about this differently. What incentives would miners have to stay online if they got zero fees and zero bitcoin from block reward? This is an incentives based system and proof of work isn’t done for free. That said, there’s an assumption that 1 BTC in fees later will have more purchasing power than the 6.25BTC block reward now. So fees won’t need to be too much higher.

Most people will transact and hold small amounts of Bitcoin on layer 2s. Most people in the future won’t even know they’re transacting on a “layer 2” it will all be seamless with the ability to buy block space for an onchain transaction if they want additional security.

Avatar
B.O.P 2y ago

There will also be higher volume to achieve the needed fee amount to maintain the net work so fees actually could be lower than now too

Reply to this note

Please Login to reply.

Discussion

No replies yet.