Post
Topic
Board Development & Technical Discussion
Re: the oxidation fee..
by
Synchronice
on 28/04/2024, 11:01:31 UTC
p.s.: while miners are responsible for providing equivalent level of security for coin hodlers in a blockchain, why hodlers should not pay their cost? that is why I call it FEE.
Because miners earn a very fatty reward for it.

in blockchain system with PoW consensus, miners have similar duty as armed-guards do in banking system. the one who pays the fees for regular transaction (6 month ago) are in business with blockchain but those who just left their coins to a blockchian system also need to pay the miners to watch their value with oxidation fee. your point of view is coming from rewarding system that does not wexist any more, and if you do not fix it, miners (armed guards) will turn off their miners and leave everything (including the safety of that guy with a transaction at 6 month ago) unprotected to 51% attackers.
Miners earn for this, don't you see that? They earn money for mining new blocks and in fact, they force me to pay to move my coins, literally telling me to not move my coins if I want to keep it safe without saying a single cent, oops, satoshi.

Just look at it, when you harvest wheat, you have to pay money to buy a land and then pay tax property, then you have to pay money for wheat seed from a guy that is taxed to sell wheat seed (2 taxes already), then you have to buy combine that is sold by company that pays taxes to create a combine, then you have to buy a fuel that is taxed by the government, then you harvest wheat and you have to pay additional taxes because you sold them and you have to tax your profit. Then you go in a shop with your money and buy something from a supermarket where food is already taxed and your income is already taxed, your car's fuel is taxed too. I mean, taxes taxes taxes, look at how much taxes we pay, we pay ten times or hundred times more than what we are supposed to pay. If I buy taxed food, why should I pay taxes for money that I make?
We don't need more taxes on Bitcoin, that's all! The network is secure, miners are motived to mine and keep it secure because they earn a fatty reward for it, that's how it works, doesn't need additional headache.