Post
Topic
Board Bitcoin Discussion
Re: Excessive Bitcoin fees
by
ABCbits
on 02/03/2024, 10:03:29 UTC
--snip-
I don’t find anyone to really do anything for free especially, when it’s going to cost them something to do it. Miners gets to procure these devices to enable them mine and get the rewards that follow, they spend on energy too used by these devices that have pushed environmentalist to take interest on energy used by mining and so, having any hope that these shouldn’t be subsidized from fees is a mistaken idea.

Yeah, usually there's string when someone do something for free. For example, ViaBTC offer free acceleration service in order to promote their pool and paid acceleration service.

While the model of high fees would not be acceptable, it tends to persist only for a period of time and that in itself is acceptable. In a way, it discourages users from making more and more transactions which would in turn result in scarcity and that is good for the system I think.

I disagree, it'd also discourage people from using Bitcoin as currency or payment method.