Adam Ritter [ARCHIVE] on Nostr: 📅 Original date posted:2015-08-30 📝 Original message:I don't really see any ...

📅 Original date posted:2015-08-30
📝 Original message:I don't really see any problem with the paper:
All it states is that having the assumption that miners don't
centralize, transaction fees don't go to zero even without the
blocksize limit. I think we can accept this as a nice academic
research, and I believe that it's true.
Still, it doesn't have anything that is practical for me as an user of
the Bitcoin network (I use it for storing long-term purchase value, as
most of the people who I know): it doesn't help me if I still need to
pay transaction fees after the blocksize limit is gone. My (and other
users') main concern is about centralization, which has nothing to do
with transaction fees. I would be OK with $100 transaction fee as
well, as long as the network is fair and secure (which comes from
decentralization).