Post
Topic
Board Bitcoin Discussion
Re: The welfare costs of Bitcoin
by
stompix
on 14/11/2019, 09:39:23 UTC
ZAP!

Miners don't set fees! Miners are not charging you a fee!
Get the basics right before starting a debate.

Most of the nonsense you sprouted, I will assume....

You assumed wrong...how could you do otherwise.
Again, the mining are not charging you anything, the miners collect the fees when they mine a block.
A miner can't charge you for a service he may never provide!

But in your quest to be absolutely right on everything you made a little mistake, that of understanding plain simple English!
If we use twisted logic paying a fee is also forcing the miner to include your transaction, right?  Grin

The miners can raise the minim fee they accept to 20BTC/b, they can mine empty blocks, they can even...stop mining, shave their cats and even go hang themselves. This doesn't change anything in your virtual war between PoS and Pow, the same things you claim are the weakness of the PoW system are applicable to PoS.


Quote
in late 2017 and early 2018 when the price of Bitcoin was the highest.
The cost was so high that the average trade cost was around thirty-seven dollars ($37).

Bitcoin is at half that price and I'm sending transactions confirmed in 2 blocks with 2sat/b
And your point is....?