Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
iCEBREAKER
on 08/03/2016, 02:32:45 UTC
high fee hurt bitcoin IMAGE.

Agreed that high fees hurt bitcoins image

Since I read Satoshi's whitepaper in 2011, it's been clear that Bitcoin needs high (aggregate) fees to wean it off block subsidies and ensure its independence.

Can we please not worry about the image perceived by those who don't grok the logos (much less the ethos)?

Higher (aggregate) fees = Bitcoin starting to work the way it's supposed to.

Low fees = Fear/uncertainty/doubt Bitcoin will become self-securing and self-sustaining before its baby bottle runs dry.