@1350 in the Coingeek interview you say, that $5 BSV is possible to sustain in the long run. One question that I have is how would the miners stay profitable then? The tx fee is being paid in BSV correct?
Post by twetch#774
its always profitable to mine bitcoin, it doesn’t even need a price to function because you can pay the fees in fiat
What the chain says
- Block
- 628 629
- Time
- 2020-03-31T14:06:45Z
- Signer
- 17mv3xxFGGokNYaPyCSuVVbqjJjppAEpq3
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#774
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17mv3xxFGGokNYaPyCSuVVbqjJjppAEpq3 VerifiedReplies (3)
Very interesting. Could you elaborate on how exactly miners would get paid in fiat? Thank you.
you give them an x amount of signed transactions (with 0 fee attached), they give you an invoice, you pay it
I see. Wouldn't that add an unnecessary layer of complexity though?