3 ms·
And did the fee go up after the drop? That's right, there's no basis for your claim.
by imaginenore 12y ago
And did the fee go up after the drop? That's right, there's no basis for your claim.
- danbruc 12y agoHave a look at the charts showing the fees per day [1] and the network deficit [2]. On the one hand fees went up, but before the block reward dropped, on the other hand the network operated at a deficit for quite some time. One has of course to take these graphs with a grain of salt because it is quite hard to estimated the real costs of running the Bitcoin network. But I really don't understand what you are arguing for. Once the block reward becomes mostly irrelevant you have essentially two choices - relatively expensive transactions or a weak network, i.e. low hash rate. Don't you agree with that? [1] https://blockchain.info/charts/transaction-fees?showDataPoints=false&show_header=true&daysAverageString=1×pan=all&scale=1 https://blockchain.info/charts/transaction-fees?showDataPoin... [2] https://blockchain.info/charts/network-deficit?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0 https://blockchain.info/charts/network-deficit?timespan=all&...