Come on people the current crazy high transactions fees are making the development team rich who
wrote a system that the knew from day one would not scale and LN Hubs act like bankers and a Channel
is little more than a credit line with standing charges.
Yes sure they will keep banging on about it not being centralized and remaining trustless but look
at this picture https://blockchain.info/pools
2/3 of the core code is concerned with mining that created CPU wars and the joke is that
mining is not even needed as many people here that program will already know.
That's right ten big mining pools now account for 90% of all transactions and this is how we ended
up with a monopoly and they have been allowed to get away with $45 in transaction fees.
People that fix cars don't want to see safe roads and with so little cream to spread around they
have taken to dropping bricks from motorway bridges on to the traffic below.
Actually the devs get no money by high transaction fees unless they are involved into the mining business. If there wouldnt be so many transactions each transaction would cost way less and surely Satoshi Nakamoto didnt expect Bitcoin to be this large at this point in time (I wish he would still be there for us). You are right though with your concern regarding the monopoly of mining. Its an unregulated market where the one that can mine for the lowest cost will take more and more of the global hashing power in the long run. Correct me if Im wrong. wrote a system that the knew from day one would not scale and LN Hubs act like bankers and a Channel
is little more than a credit line with standing charges.
Yes sure they will keep banging on about it not being centralized and remaining trustless but look
at this picture https://blockchain.info/pools
2/3 of the core code is concerned with mining that created CPU wars and the joke is that
mining is not even needed as many people here that program will already know.
That's right ten big mining pools now account for 90% of all transactions and this is how we ended
up with a monopoly and they have been allowed to get away with $45 in transaction fees.
People that fix cars don't want to see safe roads and with so little cream to spread around they
have taken to dropping bricks from motorway bridges on to the traffic below.
