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Why is it that these articles never mention halvings?
by BenoitP 6y ago
Why is it that these articles never mention halvings?
- tromp 6y agoBecause within 3 or 4 halvings, transaction fees will dominate the block subsidy. Coupled with possible further price increases, this means Bitcoin will maintain its huge carbon footprint.
- BenoitP 6y agoWell, in a balanced article that'd be something relevant to mention. I think too that transaction fees will dominate the block subsidy, but the effect of an eventually successful level 2 solution remain to be evaluated. Part of the fee pressure would be taken off by level 2 transactions. Whether that amounts to 0.01% (which should be close to the current amount) or to 99.99% (which would be the goal/opinion of a bitcoin maximalist) remains to be seen. There's also the argument that relieving fee pressure will boost adoption, and fees would remain the same. Anyway, back to my point: it should have been mentioned, and it never is. IMHO the goal of these articles is not to inform, but to modify or confirm the readers' opinion.