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How bitcoin survive this?
I know about bitcoin for more than a decade and understand it on the technical side, but i have an economical question i did not see address by others with strong arguments... I would like some inputs from this reddit. What are the incencitives for miners to secure the network when the main use case is holding (which indirectly reduce transaction frequency) and at the same time reward is reduced. Is someone able to articulate what would happen as time passes and if and how bitcoin survive this? What keep the miners mining? Some may say the trasanction cost should cover it, but how this do not lead to a reduce total hashing power compare to today and reduce security? I hope my question is clear enought. submitted by /u/sebastien256 [link] [comments]
I know about bitcoin for more than a decade and understand it on the technical side, but i have an economical question i did not see address by others with strong arguments... I would like some inputs from this reddit. What are the incencitives for miners to secure the network when the main use case is holding (which indirectly reduce transaction frequency) and at the same time reward is reduced. Is someone able to articulate what would happen as time passes and if and how bitcoin survive this? What keep the miners mining? Some may say the trasanction cost should cover it, but how this do not lead to a reduce total hashing power compare to today and reduce security? I hope my question is clear enought.
[link] [comments]
