Post by twetch#622

1Eyk15…d43C Key · twetch

This still doesn't account for price changes, however, BSV miners are building fiat-consistent transaction pricing contracts.

If a significant portion of miner revenue comes from such contracts, or API driven fiat-consistent fee pricing, the game changes.

1Eyk15…d43C Key · twetch

Under this scenario, BSV miner revenue is much more consistent than BTC miner revenue is.

This certainly doesn't look good for BTC, but for BSV, especially given the flexible Q Supplied, there really isn't much reason to worry.

What the chain says
Block
625 635
Time
2020-03-10T17:03:29Z
Signer
1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#622

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1Eyk15KEeYX9JwH8e98pqpX3kTUuY9d43C Verified

Replies (7)

1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

If anything, this just creates more reason to increase the chained transaction limit so that user actions don't get interrupted. That would reduce revenue flow to BSV miners after a certain amount of time without a block mined.

1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

To be clear...

If transaction fee based revenue is 50% for a 10 minute average block... Consider that it will be 66% for a 20 minute average block... And 75% for a 30 minute average block...

The mining dynamics skew hugely in BSV's favor.

1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

So if, as I understand it, the DAA change is the only real hard forking change to come, then waiting until transaction volume is high enough to maintain quality of service is the only real consideration left, and it solves the DAA issues... For BSV.

1Eyk15…d43C Key · twetch
Replying to@1Eyk15…d43C

Regarding how this affects BCH, I believe BCH will see massive swings in hash power, and it will face huge variance in block times as a result of time-since-last-block dependent revenue on BSV.

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