Post
Topic
Board Bitcoin Discussion
Re: [POLL] Is bigger block capacity still a taboo?
by
stompix
on 17/11/2023, 13:26:40 UTC
To have the same current fees on Bitcoin but with 100 MB you would need spammer to pay at least 29 000 BTC
You'll have to walk me through on this calculation.

Block reward + fees in last 24h 943.75+285.07 BTC, if we have 290BTC in fees in 1MB block then to keep the same fee level in 100MB we need 29 000BTC.

You must have misinterpreted me again. Spammers don't care what other people are paying in fees. They only care if their spamming can pass as much cheaply as possible. If block size is 100 MB, then, besides the expectation that it'll always be full, you should expect that it'll be mostly consisted of data junk like Ordinals.

Yeah, and they why should I care about that?
The thing is that they will not be able to force me anymore to pay 100sat/b for a tx without spending themselves 1 billion day!

Remember, the same logic as to why the whole thing the network is secure because an attacker must buy 10 billion worth of gear to attack it?
Oh and btw, they would have to pay 10 million each day just to fill the block with 1sat/b, not to mention that this would triple if BTC goes to 100k.

If everyone doesn't give a damn about that, how come everyone stays on 4 MB block size network and doesn't move to BSV?

Do I have to bring again the graph with the spike in doge and ltc txs every single time fee in Bitcoin spike?
Ok, here we go:
https://bitinfocharts.com/comparison/transactions-btc-doge-ltc.html#6m

Again, you're asking yourself why people keep waiting for weeks for a reservation at a restaurant and not eating a hot dog on the street rather than thinking of opening a new restaurant to solve the problem and make everyone happy.