3 ms·
Today, when blocks are empty, you're paying 1 sat/vB. Back then, when blocks were empty, you paid zero. That's the difference between "all about blockspace" a
by greyface- 1y ago
Today, when blocks are empty, you're paying 1 sat/vB. Back then, when blocks were empty, you paid zero. That's the difference between "all about blockspace" and "only about blockspace when you care about next-block latency".
Here's a 2010 Satoshi post in a thread about transaction fees stating "we should always allow at least some free transactions": https://satoshi.nakamotoinstitute.org/posts/bitcointalk/threads/213/#5 https://satoshi.nakamotoinstitute.org/posts/bitcointalk/thre...
If you had said "2 dollars" instead of "2 cents", we would be in complete agreement. All I'm saying is that mandatory transaction fees were not baked in at 2 cents.
- yieldcrv 1y agoand all I’m saying is that it didn’t matter for a bullish thesis whether this is just a nitpick fyi or a nuance you really care about the only thing that mattered was the malleability of the system to meet its goal of attracting transactions, including the future malleability of what you are pointing out. blockspace became scarce. it was predictable that anything that undermined that would be excised out of the network.