InvestRepeat on Nostr: But doesn't that reduces the security budget of the network as well? By 2X. With ...
But doesn't that reduces the security budget of the network as well? By 2X.
With higher fees many avoid transactions so transaction fees is not enough for this high cost mining machines to run.
Then with 2X less issuance, miners make lesser money.
Basically the network's security is dependent on "hope" that the fiat price will have to go up.
Published at
2024-04-19 13:19:42Event JSON
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"content": "But doesn't that reduces the security budget of the network as well? By 2X.\n\nWith higher fees many avoid transactions so transaction fees is not enough for this high cost mining machines to run.\n\nThen with 2X less issuance, miners make lesser money.\n\nBasically the network's security is dependent on \"hope\" that the fiat price will have to go up.",
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