> To pay their bills, they have to sell their new bitcoin to people which is effectively like a fee … No, that's nothing like a transaction fee. The person sub

> To pay their bills, they have to sell their new bitcoin to people which is effectively like a fee … No, that's nothing like a transaction fee. The person submitting transactions to the network doesn't pay the seigniorage for minting new bitcoins. There is inflation due to the mining rewards (currently less than 2% annually, and set to decrease over time) which places some slight downward pressure on prices. That inflation is a cost for those holding bitcoin, not those spending it—not that anyone would notice it given the way the price has appreciated.