In this video, I discuss the effect of the halvings on BTC, BCH, and BSV and how larger blocks have been preventing a robust transaction fee market from developing.
BCH and BSV continue to bleed value against BTC, and their network hash rates are far below that of the Bitcoin (BTC) network.
BTC blocks are already showing the beginning of a robust transaction fee market, which requires that blocks be relatively full. If blocks are not full, then you end up with 1 sat/vb transactions and very little transaction fee revenue for the miners.
What's going to happen as the block subsidy gets halved again and again every 4 years?
Miners will become increasingly dependent on transaction fees for revenue. BCH and BSV have big empty blocks that don't encourage a robust transaction fee market to develop-- so there is zero risk that BTC miners leave BTC for BCH or BSV.
In fact, the opposite will happen: miners will continue to leave BCH and BSV and point their hash to the BTC network. That will leave BCH and BSV with even less security than they have today, which will encourage even fewer people to use them to use them, since they offer less security and slower final settlement.
Bitcoin is winning and will continue to win the money game.
Get on the winning team--
You'll be much happier and sleep better at night.
Stop looking for "the next Bitcoin"
Bitcoin is the next Bitcoin.
There is no second best.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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