I don’t understand this attitude…

By B.O.P on

I don’t understand this attitude that miners should work for you for free when block reward is no longer given.. What did you think would happen when block reward every 4 years is less and less? In April 2024 block reward will go from 6.25 to 3.125……

There will also be higher volume…

By B.O.P on

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……

This high fee environment is the…

By B.O.P on

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……

I don’t disagree with ordinals…

By B.O.P on

I don’t disagree with ordinals being an unintended consequence but disagree entirely with it “invaliding several important use cases”. High fees will absolutely need to stay high and this has been the assumption for a very long time, to incentivize miners to mine as block rewards are less and……

True, the biggest risk factor is…

By B.O.P on

True, the biggest risk factor is ourselves thinking new bells and whistles are needed and then later realizing the unintended consequences of that……

That’s funny but I’m…

By B.O.P on

That’s funny but I’m wondering if there’s a legit reason for this like mining rewards, or something……