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.
here a crazy thought.
when the time comes that miners feel the need for higher fee they will simply not include TX below a minimal fee
until then they simply want to grow the TX vol as much as possible, by whatever means, so that the rise in fee when the time comes can be minial.
suckering them with 0-1 cent fees and then hit them with 5-10 cent TX fees?
no wait thats crazy, lets centrally plan a fee market because miners are babies and they don't to know what's best for them. MOMMY knows what's best, NO MORE TX VOL FOR YOU!