Re: [ANN] [BSV] [Bitcoin SV] Original Satoshi Vision
Funny how you have to invent competitions in order to have one where you are actually winning.
BTC can build a layer that ignores the miners, if BTC ever reaches 20k again it will cost 50$ just to fund a lightning node with an on chain transaction.
This statement highlights the cognitive dissonance of BSVers. How can transaction fees be so high if BTC is ignoring miners? Either transaction fees are high, or miners are being ignored. Both items cannot be present at the same time.
At this rate BSV miners will claim a higher reward from transaction fees over block rewards, this is how bitcoin was meant to be.
Average BSV block reward per day minus fees: $148,950
Average BSV transaction fees per day: $125
The only way this could possibly happen (before the next halving) is if transaction fees increase by a factor of 1191 while the price remains the same. This will never happen.
Let's compare the same stats for BTC:
Average BTC block reward per day minus fees: $14,400,000
Average BTC transaction fees per day: $136,444
The ratio between block reward and fees for BTC is only 105.5, whereas it is 1191 for BSV! Your entire existence has just been rendered absurd.
Additionally your last stress test could only produce a block that was 8 MB. Why not just use Bcash? What's the difference? At least the Bcash cult leader doesn't think he's Satoshi.
What a joke.
The lightning network (the only Scaling solution BTC has come up with) literally ignores miners in every way possible. Miners dont receive fees from lightning transactions.