Thursday, 11 July 2019

Fees are not a payment for processing nor storage of transactions

How can they be if it's only the miner who have found the block gets paid? Others are forced to process and store the transaction and get no money from the fee.

When you pay the fee you create a contest and fund the prize for ADDING your tx to the next block.

Fees as payment for storage and processing is a missconception.

submitted by /u/Licho92
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source https://www.reddit.com/r/btc/comments/cbry0g/fees_are_not_a_payment_for_processing_nor_storage/

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