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It sounds like miners could find a replacement revenue stream even if block rewards go to zero and transaction fees are low: Hold the blockchain hostage for rev
by 0x0 10y ago
It sounds like miners could find a replacement revenue stream even if block rewards go to zero and transaction fees are low: Hold the blockchain hostage for reversal and sell out to the highest bidder!
(Of course, this would likely drive the value of 1 BTC to exactly $0)
(Edit: This is all a demonstration of how the security of the blockchain absolutely depends on mining hashpower being widely decentralized and distributed)