Who pays for Bitcoin block rewards?
Bitcoin hodlers do.
The payment is hidden by the more apparent appreciation in price when compared to the unit of account (e.g., dollars), but nonetheless real.
By contrast to a world in which block rewards are zero, and so miners receive only fees, block rewards expand the pool of BTC in circulation, diluting the purchasing power of each existing BTC unit (holding real demand constant).
edilmedeiros / Edil Medeiros
npub1uu…3hr2k
2024-08-31 13:15:34
Author Public Key
npub1uu8sdgm7geznwnaxhfgqs5wp6slhpm8tsdy6u852v72jawyk0faqc3hr2kPublished at
2024-08-31 13:15:34Event JSON
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"content": "Who pays for Bitcoin block rewards?\n\nBitcoin hodlers do.\n\nThe payment is hidden by the more apparent appreciation in price when compared to the unit of account (e.g., dollars), but nonetheless real.\n\nBy contrast to a world in which block rewards are zero, and so miners receive only fees, block rewards expand the pool of BTC in circulation, diluting the purchasing power of each existing BTC unit (holding real demand constant).",
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