3 ms·
I don’t buy that analogy one bit. BTC supply is growing at a rate of less than 2% now. 90% of the supply is already mined. Miners play a very small role now
by dadoge 5y ago
I don’t buy that analogy one bit.
BTC supply is growing at a rate of less than 2% now. 90% of the supply is already mined.
Miners play a very small role now in getting new supply
- jazzyjackson 5y agomining rewards in the form of new supply is not the only way miners make money - they are the house because they take a cut of every transaction. admittedly I don't know the ratio, and I've always been puzzled by the end game - will fees continue to rise as the difficulty ratchets up such that the only incentive to mine is transaction fees? Anyway they can keep winning regardless of price volatility.