Post
Topic
Board Bitcoin Discussion
Re: Finally Bitcoin Devolpers planning to kill Ordinals and Inscription
by
HmmMAA
on 10/12/2023, 08:15:44 UTC
demanding less transactions but higher fee premiums is not the economic dynamics of keeping the network useful and fruitful

How about demanding more transactions with lower fees by increasing blocksize ? Isn't the outcome of a block reward the same ? Who benefits from something like that ? Because the way i see it , current status only favors miners . If onchain transactions go down , this favors users . More transactions in each block would benefit both miners and users . But for sure the only entities that earn more than anybody else with current model are pools . It's basically free money for them .
An argument would be that there is no interest currently to transact on btc so no need to increase blocksize . Global transactions in crypto are hundreds of millions transactions per day . Merchants could use bitcoin instead of visa but as btc works you can't advertise it as an alternative method of payment . Of course , not everyone would be able to run a node , which is against maxis ethics .
By your logic , if blocksize never increases and subsidy is zero , network would still work fine . I'm not saying that it won't work , what i argue is that it won't be secure .