Quote from: franky1 on Today at 02:07:02 AM

Quote from: TrustedBitcoiner on December 22, 2023, 11:13:46 PM

It's important that bitcoin remains as decentralised as possible, the added value of having low value transactions directly on the L1 is not enough of a reason to compromise on bitcoin's decentralisation.

lower fee do not cause more centralisation.. its actually the opposite way round

when fee's are high users lock their value to middlemen, causing more centralisation of fund control

when mining pools get too much profit. they buy more asic farms to centralise the hashing. but the distributed hobby miners due to not having great deals on electric and hardware cannot buy as many asics in one go to compete.

when pools take a 2% cut of reward + X% of fee's they can expand their single location asic farm faster than hobby miners distributed around the world getting only 0.000x% share of reward+fees

it doesnt matter how high the fee's go the individual independent asic owners cannot compete compared to the pool owners

its the economics of any industry manager-worker relationship
if general income is X but manager gets 2% and worker gets 0.0002% the more income the business earns the manager profits the most

think about it.. (asic costs $4k)
if a manager gets 2% of $270k ($5375) he can add 4 new asics every 3rd block
if a worker gets 0.0002% ($0.54) he can get one new asic once every 7400 blocks

fanky
I do not give a rats ass about the techinals.. i dont...
give me max decentraliation on btc layer 1
nothing else matters.

it dosnt matter if L2 is full of KYC, the only thing that is improtent is that L1 remains 150% decentalized peer to peer digial cash, because without that we are nothing.

you get wqhat im saying??

i DONT CARE if lighting sucks because XYZ, as long as L1 is 110% decentralied. and all the good things that come with that.

TrustedBitcoiner

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