4 ms·
Holders of bitcoin do not get value from these transactions. The transaction fees go to the miners, not to people HODLing bitcoin.
by nikanj 9y ago
Holders of bitcoin do not get value from these transactions. The transaction fees go to the miners, not to people HODLing bitcoin.
- mrhappyunhappy 9y agoEarly adopters are speculating on future value while eventual adopters May use it for its intended purpose.
- hndamien 9y agoEarly adopters think it is sound money.
- hndamien 9y agoThe transaction fees are the cost of the transaction, not the value created.
- erikpukinskis 9y agoHolders of bitcoin provide stability for people doing short term trades (buying coins to send Grandma in Iran). Traders provide the liquidity. Grandma provides the cash to pay off both.