What folks dont realize is the total hash power is only X a…
What folks dont realize is the total hash power is only X at a given time
If another sha-256 chain rises exponentially in price suddenly, the corresponding amount of ASICs cannot be mass produced quickly enough to accommodate, the total hash power does not rise to X + 100
If bsv for example ever reaches 20% of btc or so in price it will steal the hash power and blocks get slower on btc. Suddenly their hardest money, most secure chain becomes less hard and less secure
Then btc holders must decide, to exchange or stay
Therefore bsv cannot stay at 20% of btc. It either must flip it or go back down
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Number must go up.
Subsidy still matters for at least this coming halving and the next.
144 x 10 million x 0.00001 = $14,400.
$14k txs fees per day at 10 million txs per block at 1/1000th cent txs fees.
Subsidy @ $70 a coin per day = $63k
$31.5k after halving @ $70 a coin.
We are nowhere near getting 10 million txs per block. Not even fucking close.
This network does not grow or work at $70 a coin.
We all want the nodes to be top spec. Good luck with that @ $70 a coin.
BSV people talked about subsidy being replaced by txs fees way too soon.