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RE: Post Halving: A Case For $17,600 As The Minimum Price Of Bitcoin

in LeoFinance3 years ago

Thanks for sharing your thoughts on this topic. I clearly get the arguments you're making. At any rate, I do not think that lost bitcoin could as well account for a tendency for price to double as much as a halving of supply.

1-Mining is not the only source of income for miners. Transaction fees are significant, fluctuates a lot, and in general grows "non-stop"

I honestly will like to know whether miners get the transaction fees from the bitcoin already in circulation or new bitcoins are mined to pay for the fees. If the former is the case, then fees can do little or nothing to the inflation.

Thanks for sharing your thoughts.

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Fees always come from the coins already in circulation. Are paid by those who execute transaction

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Thanks for the clarifications. Cheers!

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