Why Nostr? What is Njump?
2023-05-09 08:46:15

yort on Nostr: honest question - how would xmr (or ltc, or whatever) deal with a similar situation ...

honest question - how would xmr (or ltc, or whatever) deal with a similar situation to what btc is dealing with right now?

essentially, there are entities paying more in fees relative to the value that they are sending (no matter the why, that’s essentially the network outcome)

so, if a protocol doesn’t restrict this behaviour (i.e. it allows people to pay excess fees relative to value sent) then this will always be possible, no matter the network, right?

if i had a bucket of money and i just wanted to waste it, i could continue to send fractions of xmr or ltc back and forth

i’d have no incentives to “mint tokens” on these networks, but it seems like the same process is possible on other networks, it just maybe lacks the incentives of “minting coins”

am i missing something?
Author Public Key
npub156ndcn2xqlav8wrty2gk8x9qtmen7wx2uhl2hmrxsvkwq2duza2sw03y3s