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by CryptoPunk
2025 days ago
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In the case of Bitcoin, mining rewards decline geometrically, at a rate of 50% every 4 years. Mining fees are what any cryptocurrency with an inflation rate that rapidly declines to zero/close-to-zero depends on for security on any appreciable time scale. That's why I said that Ethereum's long-term security prospects are better. Its mining fees have exceeded Bitcoin's and with the multi-pronged efforts to further scale Ethereum - that are vastly more promising than Bitcoin's - there is a high likelihood of these fees further increasing their gap with Bitcoin's. |
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