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edilmedeiros / Edil Medeiros
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2024-08-31 13:15:34

edilmedeiros on Nostr: Who pays for Bitcoin block rewards? Bitcoin hodlers do. The payment is hidden by the ...

Who pays for Bitcoin block rewards?

Bitcoin hodlers do.

The payment is hidden by the more apparent appreciation in price when compared to the unit of account (e.g., dollars), but nonetheless real.

By contrast to a world in which block rewards are zero, and so miners receive only fees, block rewards expand the pool of BTC in circulation, diluting the purchasing power of each existing BTC unit (holding real demand constant).
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