There's a long thread in which I was roundly mocked despite calling the top, the first bounce, and having a 3 year long forecast play out pretty accurately until Tether showed up and pumped $60bn of fake dollars into the market. I'm relatively comfortable being wrong at times.
There's a certain satisfaction for getting mocked, I know I've had my share in my field(s) and have taken it on the chin, as it is an acknowledgment of sorts that we may know what we're talking about, even if we're not on the same page. I do like the hat gang a lot, I'd throw in my lot with them if this were a 2-sided game, but I'm also highly entertained by the comments of you and others of a different cloth.
I confess I never really know the complexities and nuances of all Bitcoin maxis, but I look forward to seeing more of this play out. Also, the various versions of the Bitcoin end game many of us believe in won't be for a very long time, and my belief is we won't any of us be alive to witness any of those ends, but we'll see a lot more years out, and I still rather feel we'll most of us end up winning in various ways.
P.S. I do struggle to really understand the CW-tinged sympathies, but I'd rather blank that out and enjoy everything else you talk about. Call me apolitical or ignorant? But the bliss taking refuge behind that is real;)
I like the cut if your jib! Pay no attention to my musings on CSW, they are just the ramblings of a mad old fool. OTOH 50k tx/s, virtually zero fees, and instant settler due to no RBF, CPFP and adherence to first seen rule… no wait that’s also mad too. Right?
Insert 4 quadrant princess “right!?” Meme
Then who pays for the costs for keeping the whole network together? The miners? But Block Rewards are going down, and it has “virtually zero fees”? Will the miners hard fork, then extend the supply cap?
Well gee gosh, I hadn't even considered that... *rolls eyes*
Take a very small number such as the cost of a Bitcoin transaction these days: 0.4sats/byte
Take a very large number such as the size of the biggest block that has been processed on main-net: 638mb
Thats 2.52 Bitcoin in fees right there.
You probably won't be aware of this in BTC land, but the guys at nChain are targeting *terabyte* blocks. If anything the sat/byte is going to get smaller because a 1TB block would be 4000 Bitcoin in fees at the current rate.
No need for your "sky is falling" scenario - if antything its BTC that is going to have a problem once the subsidy goes away...