SaberhagenTheNameless on Nostr: >"However, for much of it you're also still comparing how things are now..." Can't ...
>"However, for much of it you're also still comparing how things are now..."
Can't you just say that for anything including Monero?
The only thing we have to compare is what is true right now and in the relatively near future.
With LSPs you're asking permission from a third party to transact, it's centralizing, and it also comes with privacy implications.
Miners also don't get any of those fees to secure the chain. And if everyone migrates to using lightning in the future who will be paying miners? Especially when the block reward goes away?
>"You may think bitcoin is bleeding value through transaction fees vs the alternative of bleeding very little value from low transaction fees...."
That is what I'm saying though. Bitcoin and Monero pay in different ways. It's not that Bitcoin just figured it all out without any trade-offs by having a hard limit on supply and fixed blocksize. I think they each have their own advantages.
Technically Bitcoin is also still diluting everyones holding right now until ~2140
You can't easily distinguish who lost coins and who is just holding for a long time. It's not an easy problem to figure out. In fact Bitcoin has to figure out what to do about these old dormant coins before QCs come on the scene unless you want governments/thieves to be able to take a large percentage of the total supply. Just cause you can see what whales are doing doesn't mean you can do anything about it.
Can't you just say that for anything including Monero?
The only thing we have to compare is what is true right now and in the relatively near future.
With LSPs you're asking permission from a third party to transact, it's centralizing, and it also comes with privacy implications.
Miners also don't get any of those fees to secure the chain. And if everyone migrates to using lightning in the future who will be paying miners? Especially when the block reward goes away?
>"You may think bitcoin is bleeding value through transaction fees vs the alternative of bleeding very little value from low transaction fees...."
That is what I'm saying though. Bitcoin and Monero pay in different ways. It's not that Bitcoin just figured it all out without any trade-offs by having a hard limit on supply and fixed blocksize. I think they each have their own advantages.
Technically Bitcoin is also still diluting everyones holding right now until ~2140
You can't easily distinguish who lost coins and who is just holding for a long time. It's not an easy problem to figure out. In fact Bitcoin has to figure out what to do about these old dormant coins before QCs come on the scene unless you want governments/thieves to be able to take a large percentage of the total supply. Just cause you can see what whales are doing doesn't mean you can do anything about it.