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replied 1725d
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.
replied 1725d
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
replied 1725d
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
replied 1725d
memo.cash - The gateway drug to p2p money
replied 1725d
Why would it be a high value transaction? Only possible with a fee market. No one will use Memo with high fees.
replied 1725d
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
replied 1725d
While fees disincentivize use, they incentivize more proof-of-work being done (processing as well as hardening the network).
replied 1725d
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
replied 1725d
Oh, you are right. I tend to think way into the future.
replied 1725d
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
replied 1725d
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
replied 1725d
Nothing justifies the fees on BTC....
replied 1725d
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.
replied 1725d
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
replied 1725d
Are you some kind of life-moderator? 😆
replied 1725d
Life moderator?