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> as long as the price of bitcoin outpaces the halvings Not needed, since within 4 halvings, we can expect transaction fees to dominate the block subsidy.
by tromp 6y ago
> as long as the price of bitcoin outpaces the halvings
Not needed, since within 4 halvings, we can expect transaction fees to dominate the block subsidy.
- EGreg 6y agoWhy do you expect that? You think fees will be in the thousands of dollars?
- tromp 6y agoNo, fees will be $20-$100, similar to now. Block subsidy will be 16x lower than currently, so block reward will be mostly fees.
- EGreg 6y agoBlock subsidy will be 16x lower but BTC will be worth more than 16x than today’s price. That was my point!
- deleted 6y ago[deleted]
- tromp 6y agoAnd my point was that once fees dominate the block reward, the price doesn't need to double with every subsidy halving for mining income to grow. A smaller increase in price will suffice.