Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ImI
on 24/01/2016, 16:46:08 UTC
Quote from: mmitech on January 24, 2016, 04:43:56 PM
Quote from: ImI on January 24, 2016, 04:42:35 PM
Quote from: Richy_T on January 24, 2016, 04:38:09 PM
Quote from: becoin on January 24, 2016, 04:34:06 PM
It is the [use cost] that need to be increased!



Said no successful business in a competitive market anywhere.

Longterm Bitcoin has to gather enough fees to survive, without fees no miners.

Or in your business language: We can give away our product for free, said no successful business ever.

by long term you mean a couple of years from now ? or when the block reward is almost zero ? we have to define what is long term first then we can discuss what is right.

longterm i mean when blockreward is zero, yes. nevertheless we should already be aware of that fees are not something "evil" but overall necessary. its a balance between allowing 0-fee transactions to process, while still having enough pressure to have some fees paid.