Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 12/11/2017, 22:10:54 UTC
I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

I agree. And if LN fails, then the naysayers might have a case. But right now they haven't even given LN a chance to prove itself.

And listen, most people don't understand what these asshole mega miners and whale traders really want. You think they want bigger blocks so they can lower fees for Average Joe's daily coffee buying benefit? Fuck all no.

What they want is not just faster on-chain transactions, but on-chain High Frequency Trading. They want high speed transactions on-chain, so they can high frequency wash trade and front run all the transactions worldwide. That's it. That's the real motivation behind it all. Mining datacenter hardware becomes the new HFT, Wall Street like platform. Plus they want complete, centralized control over the Bitcoin protocol and updates.