Re: [May 2024] Fees are low, use this opportunity to Consolidate your small inputs
The same way Toyota does versus Ferrari, you sell 10 millions cars instead of 100, in bigger batches..you know what I mean
If you increase the block size limit (which is what I presume you mean), you're destroying the fee market competition, and you're making less money as a miner. So, it's worse. Then we should reduce the space to 10kb, allowing only $10k+ tx because buying coffee with bitcoin is pointless, right?
To be honest I would love for the ones being against bigger blocks would make up their mind and form a group so they don't go against each other cause I keep hearing contrarian arguments
- fees won't go down because blocks are bigger, but the miner's revenue won't increase
- just bigger blocks won't make more transactions, but bigger blocks would somehow still be full and still, pay less
Every single thing in this world from air travel to superstores has become attractive because of scaling, driving prices cheaper, and making it more affordable for everyone driving more customers and revenue than you could do with a premium product and this hope in the future that users will actively pay $50 for a simple tx to keep the same level of the security as we have now is just daydreaming.
If you want usage, make it affordable!
If you want security, someone has to pay!
Both can be achieved only one way!