Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
savetherainforest
on 29/03/2018, 01:08:52 UTC

Quote
bla bla bla

/rant


bla bla bla

/rant

bla bla



Look above^^^^^^^^... exhibit A  ^^^^^^^^





Look above^^^^^^^^... exhibit B ^^^^^^^^


So... bigger blocks mean 'common use of bitcoin everywhere'. But that means the overall price of bitcoin will be lower! So if the advocates of bigger blocks want bigger blocks, they will have to give up high prices! Smiley

So... bitcoin tends to become a vault stored asset, so... smaller unheard coins will be used for buying coffee from the corner shop or beer from a bar. Bitcoin will be important just because the miners will be motivated to maintain the network for high fees. Smiley

So... if noobs want bigger blocks, they will have to go somewhere else. Because for now the miners seem to decide the fees. And they will pick higher fees as long as someone pays for the security of their assets. Smiley