Thomas Zander [ARCHIVE] on Nostr: 📅 Original date posted:2015-05-08 📝 Original message:On Wednesday 6. May 2015 ...
📅 Original date posted:2015-05-08
📝 Original message:On Wednesday 6. May 2015 21.49.52 Peter Todd wrote:
> I'm not sure if you've seen this, but a good paper on this topic was
> published recently: "The Economics of Bitcoin Transaction Fees"
The obvious flaw in this paper is that it talks about a block size in todays
(trivial) data-flow economy and compares it with the zero-reward situation
decades from now.
Its comparing two things that will never exist at the same time (unless
Bitcoin fails).
--
Thomas Zander
📝 Original message:On Wednesday 6. May 2015 21.49.52 Peter Todd wrote:
> I'm not sure if you've seen this, but a good paper on this topic was
> published recently: "The Economics of Bitcoin Transaction Fees"
The obvious flaw in this paper is that it talks about a block size in todays
(trivial) data-flow economy and compares it with the zero-reward situation
decades from now.
Its comparing two things that will never exist at the same time (unless
Bitcoin fails).
--
Thomas Zander