I am disappointed that you did not understand my point of view. Let me
rephrase it for you,
People tipping, buying 0.99$ products and gamblers that need Bitcoin
transactions *more* than the rest of the people will afford the fees that
establish the equilibrium between demand and supply of Bitcoin transactions.
The people are free to use they money for whatever they like, but you should
understand that Bitcoin transactions are not free.
I was merely attempting to point out that spammers and gamblers would be the
first ones that would go away. They would be free to spam or gamble, but they
would have to pay for it.
When a category of users would get priced out because of the fee market, they
would be free to use any altcoin they want.
Please understand that not everyone will leave. The more important players will
remain, those that need it the most. The other players are free to use whatever
altcoin they wish.
În Miercuri, 29 Iulie 2015 16:47:57, Angel Leon <[email protected]> a
scris:
"the gamblers and perhaps people transacting very low amounts. The people that
actually need Bitcoin would remain."
so people tipping, buying $0.99 products, and gamblers actually don't need
Bitcoin.
Who are you to say what people need to use money for?This statement goes
against the freedom of decentralization and financial freedom Bitcoin should be
able to provide.
It's an open network and it will be used as most users see fit, and that
requires a blocksize increase wether you like it or not, it's simple physics,
other time wait times will become unbearable for those not willing to pay the
high fees, if people leave, then it only mean bitcoins isn't useful, and if
bitcoin isn't useful, it's worthless.
http://twitter.com/gubatron
On Wed, Jul 29, 2015 at 9:27 AM, Vali Zero via bitcoin-dev
<[email protected]> wrote:
Hello,
I have been reading an argument saying that paying higher fees would scare
Bitcoin users and they would stop using it, preferring bank transfers or other
payment methods. This does not make sense for me. If some users leave, then
demand for bitcoin transactions goes down and so do the fees. The others remain.
Fee market means that an equilibrium is found between the demand for bitcoin
transactions and the available supply (given by the block size). The fee is the
price that finds this equilibrium.
If a fee market starts to exist, the first ones to leave are the spammers,
probably followed by the gamblers and perhaps people transacting very low
amounts. The people that actually need Bitcoin would remain.
Please allow this fee market to form...
In the absence of a functioning fee market, I will refuse to run Bitcoin code
that increases the block size and will do my best to tell everyone I know not
to upgrade towards running such code. If Bitcoin succombs to the free stuff
army, I will sell all the coins and leave. Nothing is for free.
I apologize for any exagerations, but I just felt strongly towards expressing
my opinion here. I'm only a local Bitcoin trader, computer engineer, with a
reasonable understanding of free markets. And I'm running only one full node.
Kind regards,
Valentin
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