though % has some merit worldwide. and under 1% wold be ideal. bitcoin is 'amount' not % so. thinking of no entry of barrier world wide utility i would have to say:
1cent should be the limit.
third world countries deem 1cent to be atleast 10 minutes minimum wage work.
think of it like living in america, the equivalent of $2.50 as a way to imagine how the third world think about one U.S cent
think of it like living in UK, the equivalent of £1.25 as a way to imagine how the third world think about one U.S cent
5cents is an hours labour in a few countries. imagine it if your american or british as if it was an hours minimum wage labour.
spam should be solved by rejecting transactions of hundreds of sigops to allow thousands of people to transact instead of one transaction.
spam should be solved by using transaction maturity(like block reward coinbase maturity). by making it unspendable for X blocks. so people cant just respend every block
spam should be solved by code.. not economics
Topic: bitcoin fees, where's your limit? - page 4. (Read 2654 times)
as the fees have been marching ever upwards, have you found yourself postponing or putting off transactions completely?
i have a balance with a bunch of inputs that got a little out of control so i've given up thinking of buying anything and am waiting for a reason to swallow the fees. guess my limit's already been reached.
would there be a point where you stopped buying things with bitcoin or would you do it for ideological reasons or because you're already sitting on a huge gain?
i could live with high fees if i felt bitcoin was showing strong signs of being gold 2.0, i'd park them and wait, but i think the market's just the same old bunch of people with no real signs of that on the horizon.
i think many massively overestimate the appetite the majority of users have for the expense and may end up a little surprised when many of them walk away, and even more who were considering it never dip a toe in.
is this a blip while we wait for a second layer, a new reality that most will be ok with or hubris that's gonna fatally bite some asses?
i have a balance with a bunch of inputs that got a little out of control so i've given up thinking of buying anything and am waiting for a reason to swallow the fees. guess my limit's already been reached.
would there be a point where you stopped buying things with bitcoin or would you do it for ideological reasons or because you're already sitting on a huge gain?
i could live with high fees if i felt bitcoin was showing strong signs of being gold 2.0, i'd park them and wait, but i think the market's just the same old bunch of people with no real signs of that on the horizon.
i think many massively overestimate the appetite the majority of users have for the expense and may end up a little surprised when many of them walk away, and even more who were considering it never dip a toe in.
is this a blip while we wait for a second layer, a new reality that most will be ok with or hubris that's gonna fatally bite some asses?
Jump to: