Quote from: FinneysTrueVision on Today at 12:26:02 AM

Quote from: philipma1957 on November 17, 2023, 05:32:22 PM

Quote from: Kruw on November 17, 2023, 03:54:13 AM

The mining algorithm has nothing to do with transaction fees.

yes it does.

sha-256 is setup to mine BTC. btc is 10 blocks an hour

scrypt is setup to merge mine 20 blocks of LTC an hour and 100 blocks of doge an hour.

So room for 10 blocks of tx fees vs

room for 120 blocks of tx fees

both Algos have LN service

So scrypt can do 12x the volume of btc

The fact you posted what you posted shows how deep the problem runs as you did not understand my concerns in the least or the reasons I keep writing this.

using btc via sha 256 for cash in small amounts is at a 12x disadvantage to using scrypt LTC/Doge

So rather then complain about high fees lets move on to proper use for

BTC
Large value movement of wealth
Large value storage of wealth

LTC/Doge
small value payments
small value storage.

The solution above would work . At least that is the way I see it.

Bcash and Bcash SV use the SHA-256 algorithm also and their fees are comparable to or perhaps even cheaper than LTC and DOGE. Ethereum has higher throughput capacity than LTC & DOGE, yet its fees are higher. Fees are more a result of demand for blockspace and total capacity rather than the consensus algorithm used.

Bcash and bcash sv have under 2% of the sha-256 network. ie almost no security .

scrypt mining ltc/doge merged have well over 95% of the network very secure.

so the glaring defect of btc is it can not move 12x the tx that it is moving now.

if it could you would not need scrypt and ltc/doge merge mining.

we can argue semantics forever.

so rather that do that.

I mean 95% or more of the hashrate ie BTC and Ltc/doge both have that thus they are secure.

but btc has 1 block every 10 minutes

and ltc/doge have 12 blocks every 10 minutes.

the most secure coin in terms of gear hash rate percent power use is Btc
the second most secure is ltc/doge.

I see what you mean by it is not the algo.

So I am clarifying myself

ltc/doge 95% of the algo’s hashrate a lot of expensive gear and high power use= safe
btc 95% of the algo’s hashrate a lot of expensive gear and high power use = safe

ltc/doge 12 blocks per ten minutes
btc 1 block per ten minutes

doge/ltc could use another super low hash algo but it would mean junking a ton of gear. the gear is in place the infrastructure is there.