Well, if the fees are low and the TXN count is low, I don't see how the miners are going to secure the network (excluding minting) ?
Currently, the newly minted bitcoins are paying for this, but in future, when there are almost no new bitcoins to mint, the miners will need to rely more on the fees to get paid.
Do you disagree ?
I partially agree. If the price does go up enough, there will be less fee dependence. We can not know what is going to happen and thus this is all speculations. People need to stop looking too far ahead. Even predictions of what is going to happen in the next two years have a very high probability of being wrong. I'm not sure if this is really relevant to the XT shills nor the discussion of LN.
hehe, hitting a nerve here, them forkers got NOTHING. only the pitiful yapping.
You forgot, they have Peter that writes papers about fairy tales.
meh, that charlatan.
besides, i fully concur that a fee market must emerge for the miners to keep on securing the system: 450k PH is a helluva network and it needs its income to be sustainable.
so it is very, i mean very dumb to raise the block size limit
1/ before it is actually allowing a free fee market to emerge whilst being effective (ie. full blocks)
2/ before the halving which will reduce the miners income obviously
these are facts, not some random numbers throwing out of a likeliness hat.
Finally, I'd like to underline that I stand behind the majority of the technical experts (core devs, crypto popes a la Szabo, etc..) and historical bitcoiners here (marcus, tvbcof, theymos and lots more) for the sake of bitcoin and financial freedom only.
Bitcoin is not a corporation, nor a social media.
I do not give a heck about USG reddit wannabes and trolls.
May them fork into oblivion if that is what they really want, sure its a free world, but bitcoin is certainly not going to adapt to them whatnots, incapable of coding and lacking basic understanding in cryptography, economy and finance..
edit: and this zarahustra shill is a tiny wheeny piece of lying fucking shit.