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"We leave the conclusions to the reader. However, we notice that by spending only 0.005% of the total Bitcoin supply on transaction fees, a single entity can si
by scrum-treats 3y ago
"We leave the conclusions to the reader. However, we notice that by spending only 0.005% of the total Bitcoin supply on transaction fees, a single entity can significantly impact the entire Blockchain regime. This illustrates that if a whale or a governmental actor, possessing hundreds of thousands of Bitcoins, decides to spam the blockchain, they could impede its usability for normal payments."
- Paul-Craft 3y agoThere are essentially no "normal payments" being done with Bitcoin.
- iHeartVLC 3y ago[dead]
- scrum-treats 3y agoWell, what is "normal" anyways... For me, the next question is: Who owns that BTC address? Once we know this, we can fairly quickly piece together the link between BTC manipulation and adjacent monetary paths, e.g., US stock market fluctuations and the recent bank failures.
- LoganDark 3y agoI've paid for things with Bitcoin before. Unless by "essentially" you mean to say that those types of transactions don't make up a significant network volume.