Post
Topic
Board Economics
Re: BTC Security Broken?
by
Mr.right85
on 09/07/2024, 21:54:05 UTC
"
BTC's longterm security depends on people paying extremely high TX fees which won't happen in a free market.
"

Is there a gaping hole in this argument?

What makes rarities or antiques valued the way they are in our everyday society?

To answer that I would say simply because they are hard to come by and someone somewhere is willing to pay an unbelievable amount just to own it.

You can say the same goes for Bitcoin. If you look at it, the fee isn’t always that high, depending on the amount your sending at any point in time. Also, the intent you wish to archive which wouldn’t be far from privacy wouldn’t keep you far away from the innovation.

It really isn’t up to the fees you know, the purpose for which you wish to archive with it. You can swiftly get a large some across and get things done from the comfort of your home without following any definite procedure or stands to be audited on a transaction. This too is okay to keep things going for Bitcoin.