3 ms·
Unused blockchains have no / low transaction fees. >When people started using Bitcoin, fees went up! That's how it is supposed to work.
by grubles 6y ago
Unused blockchains have no / low transaction fees.
>When people started using Bitcoin, fees went up!
That's how it is supposed to work.
- zhoujianfu 6y ago“The threshold should probably be lower than it currently is. I don't think the threshold should ever be 0. We should always allow at least some free transactions.” -Satoshi Nakamoto The p2p electronic cash system I signed up for in June 2010 is not working “how it is supposed to work”. $7.77 average transaction fee? Why not try raising the block size to even 2MB? That would do nothing to hurt decentralization. And do you really think an asset currently worth $500B needs to incentivize people to keep it working?! “I would never spend $100/yr to validate/store transactions and keep my Bitcoin investment working unless I can make a profit on that $100/yr on fees!”