Imagine you started a digital currency system 8 years ago, which would self-finance its own, decentralized network. Initially, it would do so by inflation, or in other words rewarding new coins to users. Eventually, once the user base grows, individual transaction fees would take over the cost to run it. Regardless of what happens in the future, the first part of that idea almost could not have been modeled better:
Chart 2: Bitcoin Network Cost per Transaction
8 years ago by cryptovoices (47)
$0.07
- Past Payouts $0.07
- - Author $0.07
- - Curators $0.00
53 votes
- + theyeti: $0.018 (33%)
- + gutzofter: $0.017 (100%)
- + fyrstikken: $0.014 (0.3%)
- + randomthoughts: $0.006 (33%)
- + runridefly: $0.002 (20%)
- + proctologic: $0.001 (1%)
- + gamer00: $0.001 (1%)
- + pairmike: $0.001 (1%)
- + breezin: $0.001 (100%)
- + kurtbeil: $0.001 (1%)
- + sqube: $0.001 (1%)
- + cryptovoices: $0.001 (100%)
- + cardboard: $0.001 (40%)
- + karenmckersie: $0.000 (1%)
- + jamesjarman: $0.000 (1%)
- + richardcrill: $0.000 (1%)
- + giantbear: $0.000 (1%)
- + barrydutton: $0.000 (1%)
- + firesteem: $0.000 (100%)
- + riskdebonair: $0.000 (1%)
- … and 33 more