RE: Bitcoin Cash fading into obscurity?

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Bitcoin Cash fading into obscurity?

in bitcoin •  7 years ago 

If you're not filling the blocks in BCH then everyone will pay minimin tx fee. What happens after 1 or 2 more halving events? That is a very little reward for miners so it will have a very low hashing power. Bitcoin's selling point is a highly secure PoW consensus that requires a huge hashing power. The whole point is to move the miner reward from minting new coins over to tx fees over time. That requires full blocks. BCH is a technological dead end.

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This isnt true. For the sake of an example lets say BCH is at $1m for 1 BCH, and the blocks have 1gb limit, if everyone paid the minimum amount of 1 satoshi per transaction, the miner will get $40k in fees per block.