gm. Now that the op_return PR fiasco is behind us can we talk about serious stuff like the fact that the minRelayTxFee and the miscellaneous dust limits should be divided, at a minimum, by 100?
@gladstein@hasufl The fees will never be too expensive over a sustained period of time. Fees are meant to go down, that is part of human nature, stuff get's better and/or cheaper. https://t.co/TWwLrlRtjB
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..
@StopAndDecrypt Your 3rd point is wrong. There is no sustained high fee environment for a long time. Fees are going down over time and that is unavoidable. https://t.co/X1TGwRLAjx
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..
@NeoliberaleA Vielleicht kann man denen ein Wörterbuch und einen Deutschkurs spendieren, damit die sehen, dass es neben dem Wort Steuer noch andere Wörter gibt. Wenn tatsächlich mal jemand Deutschland angreifen sollte ist deren erste Antwort wahrscheinlich auch Kriegssteuer.
@salvatoshi@jamesob ..is getting reduced by the too small blocksize and making transacting on-chain less competitive by being unreliable and not worth it at certain periods. It just can't be X times as expensive compared to other ways to transact without having any real benefits.
@salvatoshi@jamesob ..to the small block size like to the increased, so it's a question of XMB of 1sat/vbyte or 9XMB of 1sat/vbyte.
There wouldn't a proportional correction.
The second sentence is a simple statement without any depth in my opinion, ignoring the explanation in my thread why demand..
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..
@nakam0t0_21@lopp It actually is a tech problem, people get prized out at certain events that create fee spikes and that destroys demand. Bitcoin has to compete for transactions if it wants to survive. https://t.co/X1TGwRLAjx
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..
@KLoaec There is not enough demand, because people got priced out consistently in the past. You've got it backwards. Bitcoin has to compete for transactions now, you won't get people back easily after you push them out. https://t.co/X1TGwRLAjx
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..
@prochronist@sethforprivacy It's more about simple economics, we don't "devolve" and use more expensive stuff. Fees in a general sense have to go done.
https://t.co/X1TGwRLAjx
@BitcoinIsaiah@tiredfornow The fees are so low, because they were always gonna be so low, on chain has to compete with every other way to transact. It can't be simply 10 times as expensive as a Visa transaction or PayPal or some shitcoin for the rest of time. When that happens businesses and customers..