4 ms·
That seems like a natural rate limiter that would prevent wasting any meaningful amount of energy on bitcoin.
by frongpik 6y ago
That seems like a natural rate limiter that would prevent wasting any meaningful amount of energy on bitcoin.
- imtringued 6y agoThat transaction fee will be used to run more miners and thus increase the energy usage.
- frongpik 6y agoHigher fees means fewer transactions. Nobody's going to buy a $3 coffee with $300 fees just because it's bitcoin.
- Darmody 6y agoNobody will pay a coffee with BTC, just like you don't pay for your stuff with a gold coins. Some say Litecoin will be used for that but I doubt it. Coins like Cardano or IOTA will be used for transactions. I'm not sure about Cardano but with IOTA you can transfer a fraction of a cent (or no value at all) without fees (that doesn't mean everything will be always fee-less).