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by FabHK 864 days ago
> thousands of people believe it is worth paying for.

Except, in good old libertarian fashion, they tend not to pay for it. First, the vast majority of the around $100 it costs to process a BTC transaction comes not from explicit fees, but from (invisible) money supply increase (the mining reward). That still neglects the environmental externalities, which are probably in the $30+ region.

2 comments

The miners pay for the power, and they believe it is not a waste to do so.
but the mining reward halves every few years tho