Thanks for the lengthy response. I don’t see how blocksize could be a scaling solution, usage always balances with fee, lower fee always equals to more garbage transactions. Besides, the “low fee” argument is in fiat term - another system which both bitcoin and monero are trying to replace, if fiat is none existing what dictates what is high fee and what is low fee? Mastercard takes 1%-3% transactions fee is that high or low?
If fee system is the only way to adjust demand then layer 2 is unavoidable for any blockchains.
The only thing I am worrying about tailemission is possibility of future changes I don’t care it’s existence though. Hardfork is a nice way to rectify mistakes for cryptos however I see it do more damage than good. A mature system as it grows shall have as few hardford as possible.
I am a serious doggo lol.
100satsaday /
npub1ys…qh359
2023-10-16 11:42:24
in reply to nevent1q…dqfr
Author Public Key
npub1yshqv640r9q0kudgamhzvtqwwwv97tqhc6t66purmwslgtrg6gcs3qh359Published at
2023-10-16 11:42:24Event JSON
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"content": "Thanks for the lengthy response. I don’t see how blocksize could be a scaling solution, usage always balances with fee, lower fee always equals to more garbage transactions. Besides, the “low fee” argument is in fiat term - another system which both bitcoin and monero are trying to replace, if fiat is none existing what dictates what is high fee and what is low fee? Mastercard takes 1%-3% transactions fee is that high or low?\n\nIf fee system is the only way to adjust demand then layer 2 is unavoidable for any blockchains.\n\nThe only thing I am worrying about tailemission is possibility of future changes I don’t care it’s existence though. Hardfork is a nice way to rectify mistakes for cryptos however I see it do more damage than good. A mature system as it grows shall have as few hardford as possible.\n\nI am a serious doggo lol.",
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