But that means unless transaction frequency goes way up fees go up. And then people will question if they want to use this network or not. I see the logic. Hopefully there are plenty of transactions to balance fees.I wonder how it will actually play out 🤔
Post by twetch#2159
The whole reason we big blockers have been fighting to remove the blocksize cap has been specifically to increase the # of transactions per block and thus the total fees earned per block to make up for the halving. Bitcoin must scale or die.
What the chain says
- Block
- 622 681
- Time
- 2020-02-19T01:33:08Z
- Signer
- 1Q3FasGpiaUP5EzMRJsdDk4EJS1ekZ2d7r
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2159
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1Q3FasGpiaUP5EzMRJsdDk4EJS1ekZ2d7r VerifiedReplies (1)
It isn’t the # of transactions alone - it’s the fees per byte, so applications are required that create more reasons to transact, such as storage and computation which apps like Twetch prove works on BSV.