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RE: The painful experience of watching Alex Becker's Crypto "Analysis"

in Proof of Brain4 years ago

Some blockchains claim to have feeless transactions, like nano, however, it is unclear to me how this is accomplished while maintaining security and decentralization, since one of the core incentives for the miners to secure the network is getting paid.

It's funny how some people use Steem and Hive and never notice the transactions are free.


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As far as I know, the witnesses, who confirm the transactions on Hive, get a slice of the rewards every single day, correct? if so, transactions are still supported by us through inflation, while bitcoin has a fixed supply and therefore giving rewards through minting is not possible, correct?

Bitcoin still has inflation but it's 4% per year. As the rewards halve every four years, this will become less and less and would theoretically continue forever without passing the 21,000,000 limit but because there is a smallest denomination, the satoshi, inflation will eventually stop.