📅 Original date posted:2015-07-30
📝 Original message:On Thu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> What makes you think that when there is such a low availability of
> transaction
> space that paying to be included costs you $10, that Bitcoin is not going
> to
> be outcompeted and replaced or otherwise regarded as worthless?
>
Ah, well that's simple. Because any decentralized system is going to have
high transaction costs and scarcity anyway. So far the only mechanism we
know for how to do this is something like bitcoin. As a centralized system,
bitcoin is already strongly outcompeted by many, many other designs, so
that shouldn't be very surprising I think.
- Bryan
http://heybryan.org/
1 512 203 0507
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Bryan Bishop [ARCHIVE] /
npub1vt…jsjpg
2023-06-07 15:44:01
in reply to nevent1q…jf43
Author Public Key
npub1vtwuk4rjyj6zrq3tv2z9lvdm6a7g8zujf0gz9q2vljlztdaqw36sjjsjpgPublished at
2023-06-07 15:44:01Event JSON
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"content": "📅 Original date posted:2015-07-30\n📝 Original message:On Thu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e What makes you think that when there is such a low availability of\n\u003e transaction\n\u003e space that paying to be included costs you $10, that Bitcoin is not going\n\u003e to\n\u003e be outcompeted and replaced or otherwise regarded as worthless?\n\u003e\n\nAh, well that's simple. Because any decentralized system is going to have\nhigh transaction costs and scarcity anyway. So far the only mechanism we\nknow for how to do this is something like bitcoin. As a centralized system,\nbitcoin is already strongly outcompeted by many, many other designs, so\nthat shouldn't be very surprising I think.\n\n- Bryan\nhttp://heybryan.org/\n1 512 203 0507\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150730/96d4dabe/attachment.html\u003e",
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