leohaf on Nostr: Transaction fees are part of the Bitcoin white paper written by satoshi, they were ...
Transaction fees are part of the Bitcoin white paper written by satoshi, they were not required at the beginning because there was little demand for block space.
Without the fees we would have 4MB blocks filled with inscriptions, without the fee the miners would not even know which transaction to take first, they would take transactions at random because they would have no economic incentive to mine transactions.
Published at
2023-10-19 11:36:01Event JSON
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"content": "Transaction fees are part of the Bitcoin white paper written by satoshi, they were not required at the beginning because there was little demand for block space.\n\nWithout the fees we would have 4MB blocks filled with inscriptions, without the fee the miners would not even know which transaction to take first, they would take transactions at random because they would have no economic incentive to mine transactions.",
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