Quote from: graphite on Today at 04:07:21 AM

The blockchain is only as safe as how much power miners use on the network. If miners end up only getting 50k per a block some day then it would only require 50k worth of power to create a false block. Thats 2.6 Billion USD worth of power to basically shut down the network for a year.

This is a lot of money but if bitcoin is to become a global reserve currency 2.6 Billion is a small price to pay to disrupt it.

Pretty simple solution, make is so that more people can use the chain and by doing so the fees will compensate the block reward.
Instead of 400 000 tx paying the equivalent of 40 000 000 so 100$ per tx, have 40 000 000 tx paying 1$.
And you will not tax someone who doesn't use it.

Quote from: mixoftix on Today at 08:36:56 AM

in blockchain system with PoW consensus, miners have similar duty as armed-guards do in banking system. the one who pays the fees for regular transaction (6 month ago) are in business with blockchain but those who just left their coins to a blockchian system also need to pay the miners to watch their value with oxidation fee. your point of view is coming from rewarding system that does not wexist any more, and if you do not fix it, miners (armed guards) will turn off their miners and leave everything (including the safety of that guy with a transaction at 6 month ago) unprotected to 51% attackers.

No, I don't agree with this!

Fees are just like the bank transactions fees, you pay for extra usage of the block space, you make 1000 transactions in a bank you pay for each of those (well, in some banks, I have free national transactions), but someone who only has a deposit will pay only the account maintenance fees, and it doesn't matter how long that deposit has sat there.
I have 1 million euros and I just deposited I pay 3 euros a month, I had 100 euros for 10 years I pay 3 euros a month.
Everyone no matter the age or the amount pays the same for the same security.

You're trying to set an arbitrary fee on the ones that benefit the least from the blockchain security.
Why should my cold wallet get taxed when I have only 1 btc there and I use no blockspace while Binance is moving around 10 000 btc a week and using each day half a block just for the consolidations and deposits/payments.

Quote from: mixoftix on Today at 08:36:56 AM

and if you do not fix it, miners (armed guards) will turn off their miners and leave everything (including the safety of that guy with a transaction at 6 month ago) unprotected to 51% attackers.

If there is no reward and there are no fees large enough to keep the security up, well, this means that BTC has failed as a p2p currency, right?
So, it's not a global payment system, more like an investment-only mechanism so we can safely switch to PoS, have BlackRock and BoA in charge of half of the validators and call it a day.