As a miner I am not getting dirty rich off the fees.
btc was 31k viabtc paid 97% back to miners. net is 30.07k
btc is 27.5k viabtc is paying 130% back to miners. 35.75k
so if I made $30.07 a day now I make $35.75 a day
not dirty rich.
Have to ride this out. btc hodl vs btc spam
who wins?
miners only win if price rises with fees.
hodlers only win if price rises while they hold
I don't think BRC-20 transactions are going to last long even in the (likely) event that nobody decides to take an official action against them.
After all, it's still a meme coin, so it's subject to trends just like other memes.
Miners would surely benefit in the long run from assets being transferred on bitcoin,
but only if they are placed on a protocol that allows for some kind of value/usefulness on the asset. BRC-20 is way too small to store anything useful.
So, for the question on what is the best way for miners to earn fees in the long run, if its not from transactions, it's going to be by using it to make "genuine certifications" for stuff in various industries.
For example, the fashion industry will probably pay big money to mint these things to stop counterfeits
Other kinds of brands that are obsessed with genuine stuff (like ISVs for their software or someone like Apple) would also want a certification for each serial number that can't be tampered with.
So I see an important use case that some new network on top of Bitcoin can provide for these businesses, and all the fees they pay will go to miners and whoever is operating the new network.
And most importantly: The tokens are private, as in, some random bloke on the internet cannot mint a particular kind of token because it will be secret to the business who owns the keys or whatever, for minting such tokens.
This basically kills hype as the assets cannot be traded, avoiding unsustainable fee increases that hurt users.
And I think people are starting to realize that the infrastructure is already in place for hosting that kind of thing. For example there is Taro/RGB (hosting this on Lightning however, is a bad idea and will not work for design reasons), so the basic design for a minted asset has already been made.
So with this constant stream of fees "royalties", you're basically making a similar amount of money that can offset block rewards loss, if such an asset becomes an industry standard (we are talking big like ISO and IEEE like that - of course the public perception on Bitcoin has to completely flip on its head before that becomes possible).
Now this is just an idea, and I'm not going to touch it with a 10 foot stick at the moment, because there are more important things that need to be done ATM (improve Lightning wallets gallery).
