I agree with this assessment... When revenue is based on transaction fees rather than a per-block reward, everything changes.
I'd be very curious to know what they believe the proper time/volume would be, and if/how it differs from my own thoughts.
Post by twetch#622
Now it's time for us to step up and build.
2020: The year of functionality
Unlocking script unlocks boundless capabilities.
Bitcoin Scripting Language: Needs experts!!
What the chain says
- Block
- 622 910
- Time
- 2020-02-20T16:42:14Z
- 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 VerifiedReplies (11)
Trying to motivate people to step up.
Become useful.
It's time to build.
Yes... yes it is.
nChain's public facing contributions have been infrastructure - soon, more that they've been working on will be released.
Good. Looking forward to that. We need anyone and everyone building. The more progress, the better.
He mentions how activity on the network directly leads to the network forming as it should.
YES. This is starting now... And it's great! I love watching it work in real time.
Nodes that aren't being paid to mine are doing nothing useful.
^ Almost... They could be consuming the chain to provide value.
But then, is that really a node? :)
This is a semantic issue many have... It's important to still bridge that semantic gap.