2 ms·

What you describe as an equilibrium really involves lots of disappointed people whose transactions take far longer than expected. Some wallets probably don't s

What you describe as an equilibrium really involves lots of disappointed people whose transactions take far longer than expected. Some wallets probably don't support CPFP, lots of people don't have any idea where to look for features like this. While the system will ultimately reach stasis eventually, it will be seen as an "outage" that will end up playing to many altcoins' strengths (more frequent/softer difficulty adjustments, no-PoW coins, etc).

mschuster91 9y ago
> that will end up playing to many altcoins' strengths So what, then the difficulty gets adjusted and that's it. People won't stay on altcoins except for speculation, they're not usable anywhere except on trading platforms or, in case of Dogecoin, on Reddit. The "big whales" BTC, ETH and LTC have sucked up the market - most of the other currencies can't even be directly traded against the dollar but trading has to be done against BTC... thus, whenever BTC drops, everything else drops. The problem is/will be that BTC has lost its value as an usable payment instrument due to high tx fees, confirmation time and the ridiculous price volatility. I hope this will reverse a bit. [disclosure: holding ~500€ in BTC]