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If there are fewer miners those that are there get a bigger share of the fees. So this self-balances. As long as there is some value in BTC and some transaction
by indoordin0saur 1y ago
If there are fewer miners those that are there get a bigger share of the fees. So this self-balances. As long as there is some value in BTC and some transactions occurring there will be a reward for validating transactions.
- jazzyjackson 1y agoStill whatever volume * fee the market bears becomes the cost to attack the network.
- indoordin0saur 1y agoBut if there's less cost to attack the market (because it's a smaller, less valuable market cap) there's less reward.