tdryja

6 ms·

1. 1.▲
   by tdryja 11y ago

   If both transaction fees and the coinbase are zero or negligible, there is potential revenue in mining: to reverse transactions and rip people off. Altruism certainly exists, but assuming that altruistic actors (rather than self-intereste
2. 2.▲
   by tdryja 11y ago

   Check out /r/Bitcoin sometime for users complaining about transactions fees :) (Actually more the threat that some day there will be significant fees) Unfortunately Bitcoin has often been oversold as being "free"; but if
3. 3.▲
   by tdryja 11y ago

   "Bitcoin Unlimited" has no maximum block size, hence the name. There are many problems which arise from unbounded transaction rates in Bitcoin. The most fundamental is that long term the coinbase reward is zero, and transaction f