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Open in Damus

Thought for the day: If #Bitcoin fees become so high that the majority of everyday transactions can only be conducted on second layer networks like #Lightning and #Liquid, how will transaction fees alone be able to sustain miners once the payout for each block reward falls below the average transaction fee? 🤔

Mr.Robot · 107w

You already answered to yourself: the fee will be high the second layers will see the majority of the transactions, indeed, but of the ones which make no sense to do on the layer one. If there is low demand of blockspace, fee will be reduced and more transaction will be done again on the layer one...