Thomas Zander [ARCHIVE] on Nostr: 📅 Original date posted:2015-07-29 📝 Original message:On Tuesday 28. July 2015 ...
📅 Original date posted:2015-07-29
📝 Original message:On Tuesday 28. July 2015 19.40.21 Eric Lombrozo via bitcoin-dev wrote:
> 1) A fee market never really got created, we don’t really know how
> transaction fees would work in practice.
>
> The only way to see how fees would work in practice is to have scarcity.
This skips over the question why you need a fees market. There really is no
reason that for the next 10 to 20 years there is a need for a fees market to
incentive miners to mine. Planning that far ahead is doomed to failure.
--
Thomas Zander
📝 Original message:On Tuesday 28. July 2015 19.40.21 Eric Lombrozo via bitcoin-dev wrote:
> 1) A fee market never really got created, we don’t really know how
> transaction fees would work in practice.
>
> The only way to see how fees would work in practice is to have scarcity.
This skips over the question why you need a fees market. There really is no
reason that for the next 10 to 20 years there is a need for a fees market to
incentive miners to mine. Planning that far ahead is doomed to failure.
--
Thomas Zander