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Transaction fees currently make up a tiny sliver of the mining rewards, and this seems likely to be even more the case the more ways there are to exchange it of
by paulgb 2y ago
Transaction fees currently make up a tiny sliver of the mining rewards, and this seems likely to be even more the case the more ways there are to exchange it off chain (like trading ETFs). https://mempool.space/graphs/mining/block-fees-subsidy https://mempool.space/graphs/mining/block-fees-subsidy
- desumeku 2y agoIf bitcoin becomes a world reserve currency like maxis think it will, then in a late-stage bitcoin scenario, the main chain would have such a high demand, and thus high enough fees, that it would serve more as a settlement layer where side-chains take up the majority of user activity, which collects enough in fees to push a transaction to the 'base' bitcoin chain, using the metadata to provide cryptographic proof of its activities (to avoid fraud), kind of like ETH l2's.