...and every single one which was posted on this platform strengthens the #BitcoinCash network.
Not exactly. Miners aren't incentivized by transaction fees on BCH. Only the block reward. Honestly if the fees were the only payout for miners our hashrate would drop like a rock.
Adoption is the only way to actually make the network stronger! So making transactions, that actually come from different and real users, is the only way to make the network stronger!
Not when most of those people think most of those transactions are spam used to prop up the stats. And to be fair these messages aren't exactly adoption.
Censorship and centralization-resistant social media is a use case, so technically these txs are adoption. It's hard to "fake" or spam thoughtful/effective troll posts, too
I'm not moving any real value. Not buying or exchanging anything with this tx. The tx count on BTC at least represents that, it has to in order to justify the fees.
That's a bit too reductive, when you realize that halving block rewards will likely make these high-value transactions at some future point, and you're not including the value of time
You're posting here, so the site obviously has something of value, otherwise you'd be spending your time doing something else. This is further proof that Memo/social media is adoption
Lol the existence of "fee markets" is a joke, fees disincentivize use. Transactions can be high value if they attract more use or attention to the blockchain
Not at current levels, right now the block reward is the majority of the incentive for mining. Average miners don't see any of those fees after pool and network fees are deducted
Source: mining for 3 years. Excess network activity doesn't mean anything if there isn't actual adoption bringing price up with it, nobody mines BTC just for those
I think you can't comprehend that 99% of crypto is pure and baseless speculation. Eg: retards trying to sell these shitcoins to other retards at a higher price than they bought it for.
I know. Which is why calling BCH a sleeping giant or some other nonsense is flat out stupid when you consider there is nothing to convince normies to come to the table. Ever
What do you think the majority of people that have heard of crypto and it's benefits have elected to do? Exactly that. I for one am not giving up, i just think we're being unrealistic.
John your mind is confused, you make up illusionary scenarios in your head to justify real actions, that is not congruent. Science fiction is not reality! We HAVE block rewards!
"We HAVE block rewards!" That's literally what i fucking said. That's all we have, no one is going to run a 3 exahash network for $20, pocket lint transaction fees.