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Why do you expect that? You think fees will be in the thousands of dollars?
by EGreg 6y ago
Why 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.