Post by twetch#7196

1J4mNn…vQM9 Key · twetch

What does the halving mean? It means if you're a miner or a user, you need to think about what chain survives when the block rewards becomes 100% fees.

Currenty BSV fees are about 0.11% of block reward going to 0.22%
BTC fees are 4.9% going to 9.8%

What the chain says
Block
632 869
Time
2020-04-30T13:35:48Z
Signer
1J4mNnGkzH2idnfMp4ijGuxdypT6XNvQM9
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#7196

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

Signed by 1J4mNnGkzH2idnfMp4ijGuxdypT6XNvQM9 Verified

Replies (1)

1J4mNn…vQM9 Key · twetch
Replying to@1J4mNn…vQM9

BTC fees track the price because the main use of Bitcoin is as a form of digital gold. BSV transactions already exceed those of BTC, the "killer app" for miners will be a higher value transaction or millions of small ones.