pull down to refresh
0 sats \ 1 reply \ @028559d218 OP 3 May \ parent \ on: JPEGS or no JPEGS... Bitcoin dies without Fee Pressure. THAT is the Truth bitcoin
i understand what you're saying... but i believe it's a little more nuanced than this. without the jpegs and nfts, the current blocks would be (and were a few weeks ago) mostly empty at 1 sat/vb.
that's not a 'mining rewards' issue, that's a usage issue. if the plan is to create 'digital gold' well... ok. never transact in it just hold it.
if it's 'digital capital' then for sure there are going to be a variety of uses, based on blockspace demand that will evolve.
if it's "digital cash" then actual usage is not yet consistent with that idea. there are many millions of transactions throughout the world every day, and not being able to fill blocks is indicative of low adoption.
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.
reply