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42 sats \ 0 replies \ @Hypnagog 4 Oct 2023
I dont buy the "we need to help the miners" fud. Its being used to pump new bips which aren't needed.
The mining of btc relies on supply demand. If its not profitable they will stop doing it. They dont need to be subsidized.
Yes it is that simple.
Also, the price of btc moves. Getting a 800 btc block reward when bitcoin was 0.50$ is worse than 3 btc when its worth 30k.
Stop it with the miner fud.
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10 sats \ 1 reply \ @quark 4 Oct 2023
something is wrong in the article. as if they think you have to constantly fill the 4 MB with ordinals, transactions or something else, which is not the case. Miners can mine empty blocks without transactions. if they want. in fact, most try to do that before starting to choose some transactions.
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10 sats \ 0 replies \ @patrick1 4 Oct 2023
Empty blocks with a lower (or nonexistent) mining subsidy make no sense.
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