Post
Topic
Board Development & Technical Discussion
Re: the oxidation fee..
by
stompix
on 27/04/2024, 14:11:08 UTC
Thank you Stompix for reply,
~
but when you have 3000 USD as banknote with you, you will begin to worry about its safety, so instead of walking in the street to home, you may hail a cab for more safety. therefore as you could see, your 3000 USD in cash in fact has lower value - after pay the cab driver, something like 3000 minus 55 USD (the cab fee, not cab tax).

now imagine you have 30'000 USD in cash and you are in real trouble, because the problem is how to keep it safe in home! so you need to pay for a vault. and now your 30'000 USD worth can calculate after reducing the cost of buying and installing a vault in your home! so as you could see none of them are taxes to your money. they are all about preserving your money.

Nope , really bad analogy!

My money is already safe in the bank (blockchain), and satoshi's coins are as safe as everyone else, why would I who knows my coins are safe pay 10% and the guy who has just moved coins 6 months ago not pay since we both are offered the same security?
50 satoshi or 100000 Bitcoins we;re both offered the same, the blockchain doesn't care about the amounts!

The real analogy for what you're doing is the Cyprus bank crisis, when everything above 100 000 was no longer your money!

the oxidation fee makes everybody to move their coins into new blocks,

You're creating artificial demand for block space with this, it will make things worse when we look from the fees standpoint, so it will hurt everyone , imagine you need to transact and suddenly 10 blocks are full because some huge custodian is moving away his funds not to be taxed, jus as an example some hold their coins in under 10BTC blocks, like Bitgo in thousands of adreses.