Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
AlexGR
on 05/03/2016, 12:15:26 UTC
...
I'm not worried. Just pointing out the obvious pattern:

"Oh I can't tolerate BTC that has a fee market, it's unacceptable if fees go up, the solution to spam can't be to make txs more expensive" ...

Not sure where you're getting this. Most are fine with having a "fee market." It's creating demand by imposing production quotas (1MB cap) that most don't want.

Criticism varies.

"Ohhh my tx didn't go in with 1c", "bitcoin is unreliable because fees fluctuate", "I don't want a fee market because it excludes the poor", "3tx/s are too little", "fuck the 1mb central planners" etc etc.


3tx/s are too little, 3tx/s are too little, 3tx/s are too little, 3tx/s are too little

It's all relative depending the actual use.
If they are too little, how come the demand for these 3tx/s be so low as to pay only 1-2 cents and/or have issues like wasting these transactions in spamming, moving dust, having gambling micro-txs etc....

Actual demand is lower than these 3tx/s, and the rest (up to the limit) is filled with near-zero-paying crap. That's why there is no serious impact on the fee market. That's why dust continues to move. That's why spammers continue to spam and move coins from here to there to here to there, in a loop, just because they can spam the network and do so at a near zero cost.