According to ChainCatcher, Bob Burnett, CEO of mining service company Barefoot Mining, said that as Bitcoin becomes common in the world economy, the demand for block space will increase, giving rise to a block space futures market.
Mining companies will offer block space products to bidders who need access to the Bitcoin network. This will change the concept of the actual value of blocks from financial value to scarce resources.
Bob Burnett believes that Bitcoin block space will become a necessity for companies and countries, stabilizing mining company revenues and benefiting primarily from transaction fees over the next 15 years.
