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102 sats \ 0 replies \ @SqNr65 21h \ on: Bitcoin Transaction Fees Drop to Lowest Levels Since 2011 bitcoin
Block rewards are going up steadily
Idk man.. seems to me the skeptics spend all day and night conceding and it's never enough for the alarmists.
They're branded as "Deniers" and ridiculed and bullied into silence or smeared into pariah status. I haven't actually seen evidence for the inverse. Do you have any?
To say "the activists are terrified to enter into genuine dialogue" seems to me to be evidence of the opposite of what you're saying here. Its inviting a debate, not shutting it down. It may not be a particularly nice way to invite debate but it is nonetheless an invitation. A challenge.
The skeptics seem to say "look at this evidence, what do you have to say about this you idiot?" Which is not very nice indeed. But at least it invites a debate.
But the alarmists on the other hand say things like "look at this evidence, now shut up and do what I say because I'm trying to save you, you idiot" Which may be well intentioned, but is also not very nice, and shits down debate.
You don't hear skeptics saying absurd things like "settled science" or the tell-tale signs of trying to shut down debate like appeals to authority "99% of scientists..."
You may not like the style in which the skeptics express themselves, which is fine, but that's different from claiming that they shut down the conversation, that's simply not true. They're the ones opening the conversation.
I'm not sure you understand what prices are.
Actually, I'm sure you don't understand what prices are
Well I don't think it will die at all.
I think you think there's a "fee pressure problem" because you don't understand the difficulty adjustment or the dynamic nature of markets or the inherently ever-changing nature of existence given the passage of time.
I think you want to "ensure the long term viability of Bitcoin mining" by turning Bitcoin into Ethereum when there's actually no issue with the long term viability of miners in the first place.
You didn't understand the analogy at all.
within the context of the analogy, you just said you don't care why people go to church, the important thing is that they go.
Well in that case, put a pole by the altar and strobelights in place of the chandelier and fuck it, replace the organs with speakers.
But now you just have a strip club dude.
There are already plenty of those.
Churches are for prayer. If people aren't praying, let the church close.
Bitcoin is for transacting. If people aren't transacting, let it die.
Seriously. Let it die man.
I don't think you have any idea what I mean.
You're trying to "save" Bitcoin in case people don't want to use it enough for it to survive.
That's silly.
If not enough people use it, it will die from lack of usage.
If you succeed in trying to save it from lack of usage, it will die by becoming something else.
If this is a problem, you can't fix it, and will in fact make it worse by trying.
If it is not a problem (it's not a problem), then leave it alone.
I can go to 600 churches and less than half the seats are filled with people praying.
For all the drama about declining religiosity, there aren't a lot of people praying.
Ironically, strip club attendees seem more willing to attend strip clubs and spend money than church goes are to attend church and give to the parish.
Should we put stripper poles and strobelights by the crucifix?
The transaction fee is too low right now. For some. So they don't mine. It's high enough for others. So they do. This will always be the case because of the difficulty adjustment.
Those for whom it's worth it to mine will mine. Those for whom it's not, won't.
If enough people find it's not, difficulty goes down, making it worth it for more. If too many find it worth it, difficulty goes up, making it worth it for less.
Both scenarios are fine, I don't understand why people think this needs to be 'managed' somehow, it's fine.
Then how can you simply assert that Bitcoin is "anaemic"?
As though this were some kind of objective fact
Bitcoin fees may be too low for your liking, which is fine. Don't mine it.
They're high enough for other to mine it. Which is fine. They'll continue to mine.
The fees are not "too high" or "too low" in any absolute sense.
They're too low for some miners, and high enough for others. They're too high for some transactors, and low enough for others. This is how it always is, has been, and will be. It's called a marketplace. Prices vary. People make decisions based on those prices. Anyone who thinks the price is incorrect hasn't understood what prices are and how they work and what they're doing and why.
It won't be an issue. You just haven't fully understood the ramifications of the difficulty adjustment
Every dollar invested in the us stock market is a dollar NOT invested in the European one.
This is functionally the same thing.
Europeans sending productive capital to USA instead of their own companies at home.
In practical terms it means that a US business may survive that would otherwise have failed, and an European company might fail that would have otherwise survived.
In economic terms, it doesn't really matter if any actual physical business physically moves.
It matters where resources are being allocated, as this means they are not being allocated elsewhere.
This is like the CPI tho
It shows the dominance of the usd within the swift system
But it doesn't show what's happening outside of it
It may be the same picture
But more data is needed before an assessment can be made
When you say other currencies "play virtually no role in international business" you should replace "international business" with "the swift system". That would be more accurate given the available information.
Ya feel me?