Bitcoin is 16 years old. Nobody has any idea what the mining market or the TX fee market will look like in two more halvings. Why the nonstop complaining about a problem that MIGHT materialize IF bitcoin survives to be 50% older than it is today? It's like worrying that your 8 year old won't pass their driver's license test. Completely nonsensical.
I don't believe empty mempools are a problem at all. I see plenty of existential problems for bitcoin, some I talk about publicly and some I don't. Onchain fee rates don't even register.
The block subsidy exists to give us a runway for organic growth. Everything appears to be going according to plan. Miners clearly do not need additional incentive to deploy hashrate. If fees were a significant source of revenue it would just get captured by the pool cartels and worsen the already catastrophic levels of block template producer centralization.
I sincerely believe you and everyone else are pulling in the wrong direction on this issue. I don't care about the social media posts because they accomplish nothing but I am increasingly frustrated at the sheer number of bitcoiners focusing on all the wrong things.
How do we make material progress on the many existential threats to bitcoin if people can't or won't even consider the actual problems we face?
vnprc
npub16v…umhgd
2025-06-01 16:28:19
in reply to nevent1q…tgfg
Author Public Key
npub16vzjeglr653mrmyqvu0trwaq29az753wr9th3hyrm5p63kz2zu8qzumhgdPublished at
2025-06-01 16:28:19Event JSON
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"content": "Bitcoin is 16 years old. Nobody has any idea what the mining market or the TX fee market will look like in two more halvings. Why the nonstop complaining about a problem that MIGHT materialize IF bitcoin survives to be 50% older than it is today? It's like worrying that your 8 year old won't pass their driver's license test. Completely nonsensical.\n\nI don't believe empty mempools are a problem at all. I see plenty of existential problems for bitcoin, some I talk about publicly and some I don't. Onchain fee rates don't even register.\n\nThe block subsidy exists to give us a runway for organic growth. Everything appears to be going according to plan. Miners clearly do not need additional incentive to deploy hashrate. If fees were a significant source of revenue it would just get captured by the pool cartels and worsen the already catastrophic levels of block template producer centralization.\n\nI sincerely believe you and everyone else are pulling in the wrong direction on this issue. I don't care about the social media posts because they accomplish nothing but I am increasingly frustrated at the sheer number of bitcoiners focusing on all the wrong things.\n\nHow do we make material progress on the many existential threats to bitcoin if people can't or won't even consider the actual problems we face?",
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