Thank you.
My Thoughts:
if tx fees are to replace the block reward the blocks *have* to be full
Filling the blocks to maximum capacity isn't ideal and will allow unstable confirmation times and radically variable Tx fees depending upon the constantly changing supply and demand of available Tx capacity. This have many negative consequences. i simply don't think bitcoin is meant to pay for your starbucks or tipping the local hobos
I disagree , I want the option for buying a cup of coffee on the chain , your proposal would force me to use centralized, off the chain solutions. i make free transactions all the time, they all confirm in 1~2 hours
^that shouldn't be possible!
Why? Shouldn't the market determine what is possible and not? the transactions fees per block are very low, that's not because there's a subsidy, that's because space is plentiful in blocks
I disagree on your premise about fees being too low . Consumers are already being driven to off the chain, centralized solutions to avoid the 3-5 penny Tx fee, I would like to encourage decentralization and bring fees much lower. What do you consider a reasonable transaction fee? "okey dokey
and you think 1MB is the right scarcity forever?" <<< i say the market will find its way, and offchain txes aren't evil
They aren't evil , but without increasing TPS we will mostly be forced to use these centralized off the chain solutions and therefore defeat the whole Raison d'être of bitcoin.
"without having to first think about ok, what offchain transaction system do they use in France?" <<< convenience has never been the point of bitcoin...
So are you opposed to those of us trying to make Bitcoin more convenient? the point of bitcoin is "i own my shit, get your hands off of it"
How is that mutually exclusive with convenience? I want Bitcoin to be more convenient so more people have the ability to protect their property. if tx fees are 11$ per transaction and bitcoin transactions routinely move millions and millions of dollars in each block i say make an altcoin, call it poorcoin, starbuckscoin or whatever you want, but don't try to shoehorn it into bitcoin because somehow you got married to that particular idea
So now you want us to be forced to use 2 currencies and download 2 blockchains? What is with this sacred code protectionism as well? Over 70% of satoshi's code has been modified already. derp. i never said security was tied to block size, i said security was tied to block space being scarce
You keep stressing the need for full blocks being necessary(ignoring the negative ramifications of running continuously at or near full capacity.)
Do you have any evidence reflecting full blocks being the key answer to securing the protocol in the future? people will be forced to pay a transaction fee because they will have to get into a block
You are assuming bitcoin doesn't compete with other payment mechanisms and people will be forced to pay ridiculous Tx fees. Why would you make this assumption? So it seems to me in the world of mostly off-chain transactions we end up with a system where the off-chain-transaction-system-operators do all the mining.
Exactly. Now you just created Gov-coin or corp-coin. Why would we want this?