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> Critics concerned about high spam and fees due to emergence of Ordinals High fees are what Bitcoin needs in the long term (2+ decades) to stay secure when th
by tromp 4y ago
> Critics concerned about high spam and fees due to emergence of Ordinals
High fees are what Bitcoin needs in the long term (2+ decades) to stay secure when the block subsidy dwindles into insignificance.
In other words, for a secure PoW coin you cannot both believe in
1) capped emission, and
2) low fees
And no, huge blocksizes as Bitcoin Cash features, will not be able to reward miners with enough fees, as the required low-fee-tx volume would be absurdly high and completely centralize the network by making running a node too cumbersome (as already the case for Bitcoin SV).