sure, because the users run away. they switch to a different method of transacting that doesn't compensate bitcoin miners at all. just listen to the actual people who try bitcoin. they will all tell y...
@goatmeal @Jordan S @weev
> . they try it, experience fees,
uh no, the people who are using bitcoin are not 'experiencing fees' much at all.
What they experience is a marshmallow problem: how much are they willing to wait for an actual securely sent tx?
> this is the fee revenue problem. the market won't bear high enough per transaction fees to replace the block subsidy.
Good. Too much effort going into mining means more productive use of cpus can be found.
> altcoins and centralized trash are there to soak it all up
And more useful work, like LLMs, protein folding, and other cpu-intensive tasks.
>out of this problem without some kind of consensus change.
There is no problem here, the fees are low and if you want to make a low-fee tx you can. It might not go through immediately if you're *really* cheap. - but i've seen txs go through years later.
> . they try it, experience fees,
uh no, the people who are using bitcoin are not 'experiencing fees' much at all.
What they experience is a marshmallow problem: how much are they willing to wait for an actual securely sent tx?
> this is the fee revenue problem. the market won't bear high enough per transaction fees to replace the block subsidy.
Good. Too much effort going into mining means more productive use of cpus can be found.
> altcoins and centralized trash are there to soak it all up
And more useful work, like LLMs, protein folding, and other cpu-intensive tasks.
>out of this problem without some kind of consensus change.
There is no problem here, the fees are low and if you want to make a low-fee tx you can. It might not go through immediately if you're *really* cheap. - but i've seen txs go through years later.