Is the 1MB bs limit a recursive price limit due to fees?

odolvlobo

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Quote from: hv_ on March 25, 2017, 07:22:20 AM

Has sombody analysed this ?

Could it be that the fee increase we see puts a inherent economical limit on the max bitcoin price by demand reducing?

And this price limit might just be around 1k (€,$) ?

The effect is not one-way. While a rising transaction fee might depress adoption, lower adoption will in turn depress the transaction fee. That suggests an equilibrium influenced by other factors.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: hv_ on March 25, 2017, 11:30:33 AM

Quote from: jonald_fyookball on March 25, 2017, 09:22:56 AM

Quote from: hv_ on March 25, 2017, 07:22:20 AM

Has sombody analysed this ?

Could it be that the fee increase we see puts a inherent economical limit on the max bitcoin price by demand reducing?

And this price limit might just be around 1k (€,$) ?

https://www.reddit.com/r/btc/comments/6185v3/very_sobering_picture_of_bitcoins_centrally/

Thx, havnt seen that.

Looks bit fuzzy. I d like to see some correlation ana, but maybe data set still to small to get enough confidence.

I really haven't analyzed it.

First impression is that it makes no sense -- you can't have a logarithmic Y axis on the same chart as a linear axis and
have it work...and I'm against log based price charts anyway...that being said there might be some insights there
in the thread.

hv_

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Clean Code and Scale

Quote from: jonald_fyookball on March 25, 2017, 09:22:56 AM

Quote from: hv_ on March 25, 2017, 07:22:20 AM

Has sombody analysed this ?

Could it be that the fee increase we see puts a inherent economical limit on the max bitcoin price by demand reducing?

And this price limit might just be around 1k (€,$) ?

https://www.reddit.com/r/btc/comments/6185v3/very_sobering_picture_of_bitcoins_centrally/

Thx, havnt seen that.

Looks bit fuzzy. I d like to see some correlation ana, but maybe data set still to small to get enough confidence.

jonald_fyookball

legendary

Activity: 1302

Merit: 1004

Core dev leaves me neg feedback #abuse #political

Quote from: hv_ on March 25, 2017, 07:22:20 AM

Has sombody analysed this ?

Could it be that the fee increase we see puts a inherent economical limit on the max bitcoin price by demand reducing?

And this price limit might just be around 1k (€,$) ?

https://www.reddit.com/r/btc/comments/6185v3/very_sobering_picture_of_bitcoins_centrally/

hv_

legendary

Activity: 2506

Merit: 1055

Clean Code and Scale

Has sombody analysed this ?

Could it be that the fee increase we see puts a inherent economical limit on the max bitcoin price by demand reducing?

And this price limit might just be around 1k (€,$) ?

Topic: Is the 1MB bs limit a recursive price limit due to fees? (Read 357 times)