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
memo.cash - The gateway drug to p2p money
Why would it be a high value transaction? Only possible with a fee market. No one will use Memo with high fees.
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
While fees disincentivize use, they incentivize more proof-of-work being done (processing as well as hardening the network).
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
Oh, you are right. I tend to think way into the future.
Yeah it's very valid if you're saying that tx fees will be critical in the distant future, but dropping the block reward is still a long way off
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
