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A comment on The problem with Bitcoin miners. Parent comment

Re:The problem with Bitcoin miners by Geee on Sunday May 15, 2022 @05:31PM (#31391355)
No, fee costs are based on supply and demand of block space. It's simple, miners just scoop the highest paying transactions into the next block. If there's congestion, people pay higher fees to expedite their transactions.
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Re:The problem with Bitcoin miners by wizzzzzy on Sunday May 15, 2022 @05:46PM (#31391458)
Yes but once there's no longer the financial insentive of bitcoin rewarded for mining, fees need to have the same insentive relative to bitcoin market cap? Otherwise double spending becomes the most profitable for miners surely.
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Re:The problem with Bitcoin miners by Geee on Sunday May 15, 2022 @06:43PM (#31391876)
Yes, total fees need to be high enough to secure the network.
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