Choirzooh
@choirzooh
#Bitmap# is the first fair launch, non arbitrary, decentralized metaverse key.
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Bitcoin's fees can't pay for its security. Even a central-bank economist recognized so in 2019:
BIS WP 765 (Auer): "the transaction market cannot generate an adequate level of "mining" income via fees as users free-ride on the fees of other transactions in a block…"🧵
@BIS_org
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Bitcoin holders don't mine either. They pay for security by valuing the coin miners earn.
NAT is the same idea, built as an economic layer: miners supply the work, holders supply the demand. Neither works alone. Together they fund Bitcoin's security
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