If BTC miners and supporters truly studied the Bitcoin whit…
If BTC miners and supporters truly studied the Bitcoin whitepaper carefully, they would understand:
Miner revenue = block reward + transaction fees
For BTC miners, revenue consists of block reward (accounting for 98%) + transaction fees (2%).
Since block rewards are gradually reduced, this means that if BTC cannot keep doubling in value, the network’s hash rate will decline.
This cannot be blamed on a design failure by Satoshi Nakamoto, but is instead the result of rampant anarchism and excessive democratic thinking within the community.
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If only I knew whether those who favor small blocks have actually read the Bitcoin whitepaper.Yesterday I was chatting with a group of BSV supporters here in China, and we joked that if you want to make real money in crypto, you should read the Bitcoin whitepaper less.