Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 06/10/2015, 21:28:54 UTC

Miners revenues are mandatory to ensure the network's security.

While the block reward tends to 0, it is natural for a fee market to emerge, or else there would not be any incentives left for the miners to keep spending the resources that a POW system requires.

Meanwhile, you can enjoy transacting for nearly nothing.

Yeah, that's my thought. A fee market should be allowed to emerge naturally, not artificially by restricting resources.

I see no reason why fees (as they are) can't pay for a pretty hefty pow network when there's no block reward but thousands of transactions a second and $30k-$70k coins. Any artificial scarcity on this front now will strangle Bitcoin.