Quote from: stompix on July 11, 2024, 02:30:15 PM

Quote from: SquirrelJulietGarden on July 10, 2024, 04:08:25 AM

Assuming that in future, Bitcoin continues its adoption and price growth, with higher price of Bitcoin, transaction fee will become higher with same fee rate.

So tell me, just because 100 more people use Visa than let's say American Express, you're going to pay 100 more in fees for that card instead of an AE one? Also if Nvidia shares went up 10x and Mirsoft only 2x, would you pay your broker 5 times the fees when you sell $1000 them? Grin

When BTC reaches 1million , you're going to be ok with paying a $1000 fee to order a $20 pizza? Grin

Just because the price of BTC has increased?

But actually, $1,000 fee is an exaggeration, no one would pay that high to have their transaction first in queue. Plus purchases in the blockchain that would pay high fees will not be a financial transaction to pay for a $20.00 pizza. We already see users pay more than $50.00 per transaction for their Ordinals dick pics and fart sounds, and their Runes. I believe those users are the only people who will pay high transaction fees, and therefore they might play an important part in Bitcoin's future.

Quote from: d5000 on July 11, 2024, 06:00:06 PM

7) (this is my favourite strategy, as I wrote about in the other thread): explore merge-mined sidechains and rollups. Each sidechain can have an utility token which would be merge-mined with Bitcoin. Basically, this would be a kind of "off chain tail emission".

I posted/asked about something the same, I believe probably last year.

But isn't merge-mining going to be like a block size increase? Because it would require miners to use more processing power, which will also require them to spend more capital to mine.