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> The network requires them because they themselves control the network. It's the reason the block size wasn't increased. Have you heard of this little thing c
by mattwilsonn888 5y ago
> The network requires them because they themselves control the network. It's the reason the block size wasn't increased.
Have you heard of this little thing called, Bitcoin Cash? Did the miners prevent that? No, the users put the most value in what they deemed was most valuable. The miners do not have exclusive control over the network - if they did the protocol would be hyper-inflationary by now.
By the way, miners selling Bitcoin by definition does not decrease liquidity, it does the opposite, it puts more Bitcoin up for sale. The fact that miners have to sell to pay for electricity does not mean they siphon value, they provide security and are compensated for it you goofball.