So Gavin just posted about the super high txn fees on BTC t…

Twetch ·

So Gavin just posted about the super high txn fees on BTC that we've all known about since the halving. But he didn't mention something pretty important:

The real reason for it is to maintain the price of BTC. Without high txn fees after the block reward is halved, MINING SOMETHING ELSE becomes more profitable. And that's a catastrophe for BTC. It's a catastrophe that can't be prevented at this point. Raw economics could be the destruction of BTC. And from an economic perspective, BSV could be ridiculously undervalued, which is what I've been maintaining for years now. It is economical to pay $100-$500 for ONE TRANSACTION if you are liquidating thousands in easy money from a ponzi scheme. Heck, if you are liquidating $500 profit in BTC to cash, then a $300 txn fee still makes sense and you would pay it.

The real question: is anyone out there willing to MINE BTC at a loss? Because this has been going on with BSV for years. Why is TAAL mining BSV at a loss? And who are the other miners mining BSV at a loss? And why have they been doing this for years now? Maybe TAAL knows something I don't. From an economic perspective, BSV should be absolutely worthless right now. But it isn't. It also has the most transactions and as I've said before, if you could buy 100 million or more FUTURE VISA transactions RIGHT NOW for about $70, would you do it?