Post
Topic
Board Bitcoin Discussion
Re: Analysis and list of top big blocks shills (XT #REKT ignorers)
by
Fatman3001
on 11/01/2016, 21:31:06 UTC
There is no reason why bitcoin can't be the all in one package we all want it to be someday but right now there is not enough demand to support the network with low fees.
We should only raise the block size in minuscule increments to keep fees high enough to support a robust mining community.

I like your point.

Except that right now the network should not be supported by fees but by the block reward.

Case in point:

Latest block:
Block 392,882
926.84kB
Transactions 658
Block value 1294.14 BTC
Fees 0.1111 BTC


With block reward at 25BTC...

There's a long way to go, and blackmailing early adopters might be a bad move.