Well, it's more an indication of bandwidth, which in turn impact fees. It is ability to pay the fees that impacts how often people can use L1.
A block size increase would be negative since it would reduce the decentralization aspect, demonstrated in the Block Wars. Without a strong decentralization, the store of value will change to reflect the worsened security; downward.
Besides, an increase in bandwidth will still cause the mempool to be filled up with anything the market is willing to spend XYZ on in regards to tx costs.
The ability and willingness to pay for expensive transactions is the primary driver of fees.
Leo Fernevak
npub1y0…zfvpl
2024-06-11 13:40:37
in reply to nevent1q…t5zs
Author Public Key
npub1y02f89rpykzhqmrjjz99uwgyl9gh06sg0vpjmklu62rzxpx8mxps7zfvplPublished at
2024-06-11 13:40:37Event JSON
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