Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
davidoski
on 19/02/2017, 17:40:26 UTC
Technical question about fees collected by witnesses. If witnesses collect fees from every transaction and they essentially have no cost to cover (other than meaningless hardware and bandwidth cost) in the long run won't bytes concentrate in the witnesses hands?

In case of bitcoin fees/reward go to miners but miners have huge electricity and hardware costs therefore bitcoins are recycled back to cover these costs. In case of byteball there's no such recycling pressure which leads to the conclusion that bytes will be more and more concentrated in the hands of witnesses the longer the system operates.