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It doesn't seem to matter much if transaction costs are fixed. 0.0005 BTC paid for a transaction two years ago. It will still pay for a transaction. That doesn'
by xorcist 9y ago
It doesn't seem to matter much if transaction costs are fixed. 0.0005 BTC paid for a transaction two years ago. It will still pay for a transaction. That doesn't seem to make many end users much happier.
They would rather like to see transaction costs sharply drop to compensate for the equally sharp rise in USD/BTC value. Sadly, that's not how it works, which has led to endless drama on the Internet.
- perl4ever 9y agoI meant real transaction costs, not nominal. Which of course points vaguely to the idea that if the supply of bitcoins expanded proportional to usage maybe it wouldn't be deflationary?
- tenaciousDaniel 9y agoI've never understood why the supply needs to be fixed. So long as there's a mechanism around creating new coins.