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Even at current levels, BTC's built in block rewards dominate tx fees (12.50BTC built in + 1.38 tx fees). The 12.5 built in reward is essentially a subsidy for
by spiznnx 9y ago
Even at current levels, BTC's built in block rewards dominate tx fees (12.50BTC built in + 1.38 tx fees). The 12.5 built in reward is essentially a subsidy for mining.
- westurner 9y agoThe block reward is an incentive for redundant distributed replica nodes.