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I'm just observing that many of those ideas are not being pursued (or maybe it's just the lack of action since 2017). Writing a BIP is something I might consider...

Quote from: Wind_FURY on August 07, 2021, 09:32:31 AM

I believe you should do a thorough research of the counter-arguments in why those ideas are “not being pursued” first, before assuming that they were feasible ideas but ignored ideas.

Plus how would you define scaling. I’m curious.

Scaling is increasing the currency's utility by allowing more people to make transactions or allowing people to make more transactions.

The equation I found may not be accurate but I'll explain my reasoning;

If we assume that the user base is not going to change much in the short term AND people's habits are not going much in the short term then;

a) the volume of transactions on the network is proportional to the block size limit.

b) the price people are willing to pay to make a transaction when the limit is reached stays the same.

I'd rather have 10 persons running a full node and sharing the cost then have thousands of people using a third party service to make their transactions. The system we have now benefits to speculators who do not use bitcoin as a currency but does not benefit to the real customers of the currency, if bitcoin has no utility then sooner or later the price of the coin will drop down to zero (or it will fall drastically to it's true value).

Quote from: ETFbitcoin on August 07, 2021, 10:38:57 AM

Using percentage also flawed since block reward changed every 4 years.

In my view the inflation is a flat fee that is charged to the hodlers, it won't affect you if you don't hold your coins.

Quote from: PrimeNumber7 on August 07, 2021, 11:58:53 AM

The price of transaction always has been, and always will be measured in terms of BTC. If the price of BTC is too high, the market will respond accordingly. [...]

If btc's price is high then everyone has more money to outbid each other so I believe that the transaction fees will also increase (on top of that people tend to make more transactions when the price is high)...

Quote from: PrimeNumber7 on August 07, 2021, 11:58:53 AM

I would also point out that your 1% transaction fee target is very high, even by traditional banking system standards. The cost of sending a wire transfer is at most $15 or $25 (if not waived), but it would be very unusual for someone to send a $2500 wire transfer. It is far more common for someone to send a six-figure wire transfer. It might cost $0.20 to write a check, but it would be very unusual to write a check for $20.

For someone who wants to move funds around the world OUTSIDE the banking system I think 1% is a good price.