Peck by twetch#14259

1CQ1En…zi2H Key · twetch

Dan Held's answer on Linked In re: what happens when block reward ends. Is he really that misinformed or am I missing something. The tsxn fees would have to go far beyond what they already are due to the block size cap.

What the chain says

Transaction: 34c442844acc4a96220ac590f26a0c35ea8ca0b71683f47b9b27f0bd386f59b6
Block: 668 415
Time: 2021-01-03T18:27:06Z
Signer: 1CQ1EnzXyu8enLGvXdYbcNFn41Mbi4zi2H
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#14259

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1CQ1EnzXyu8enLGvXdYbcNFn41Mbi4zi2H Verified

Replies (2)

twetch#678 5.8y

1Nk1B6…fP8B Key · twetch

Replying to@1CQ1En…zi2H

with hyperBTCization the expectation is fees will be in the thousands of dollars to replace the blocks subsidy.

This is nothing new.

Nobody will touch onchain BTC at that point except for big financial institutions for settlrment

twetch#14259 5.8y

1CQ1En…zi2H Key · twetch

Replying to@1Nk1B6…fP8B

Thanks, I knew it was 'nothing new'. I just didn't realize it was common knowledge amongst btc-ers that trsxns would only be from the big players. I guess it correlates w/digital gold/sov narrative. I don't think that is what the layperson understands tho

Post by twetch#14259

Replies (2)