mrjackpot (mrjackpot)

As most beautiful things do, it all started with a simple phrase: "I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party."

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This was well foreseen by Satoshi himself, and it's this kind of use cases – inscriptions, Runes – that will keep production profitable for miners as the #Bitcoin network matures and demand for #btc continues to grow at a faster pace than its mining.

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This means fees generated by inscriptions and further developments will become the main incentive for miners to keep providing electric power.

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Happy halving everyone! I've read many criticisms to the Ordinals protocol for bloating the #Bitcoin network and making it too expensive for average transactions, but this halving might be a good opportunity to realize that miners will eventually need to move beyond block rewards to remain solvent...

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This means fees generated by inscriptions and further developments will become the main incentive for miners to keep providing electric power.

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• 0 recasts
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This was well foreseen by Satoshi himself, and it's this kind of use cases – inscriptions, Runes – that will keep production profitable for miners as the #Bitcoin network matures and demand for #btc continues to grow at a faster pace than its mining.

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• 0 recasts
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As most beautiful things do, it all started with a simple phrase: "I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party."

• 0 replies
• 0 recasts
• 0 reactions