Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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.

Doesn't the increase in hash rate despite being lower in price than the 2013 high suggest it's way to early to discuss increasing fees? Yes there is the halving coming but why would it be any different from the ones before. Let bitcoin really grow before touching fees.