Re: [May 2024] Fees are low, use this opportunity to Consolidate your small inputs
Honest question. I know you're a miner. How do you expect for the network to survive if the average transaction fee is not extremely expensive in the future?
The same way Toyota does versus Ferrari, you sell 10 millions cars instead of 100, in bigger
What's the point of clogging up the network for a day? You'll be spending around a million dollars to force people rise their fee rates. So what? And how long can you retain this attack? If it's money waste, then it can't operate forever. There has to be profit for this to realistically occur.
Yup, like going long with 10x leverage on Solana
Allow me to inverse the question: How do you expect Bitcoin to survive if the average transaction fee is extremely expensive in the future?
Once the block reward is gone, simply, it won't!
With fees not making a dent in the reward, the security of the network halves every for year compared to the sums of money it guards, fast forward 10 times in the future and you have Fort Knox guarded by an obese 90 yo armed with a pack of tic tacs.