On Thu, Jul 30, 2015 at 4:52 PM, Thomas Zander via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote: > On Thursday 30. July 2015 11.38.00 Jorge Timón via bitcoin-dev wrote: >> It is important ro note that even if lightning was never developed, the >> block size remains at 1 MB forever and fees rise to 10 usd per transaction, >> such "high fees" are still extremely competitive with non-decentralized >> payment systems that have proportional fees. > > > What makes you think that when there is such a low availability of transaction > space that paying to be included costs you $10, that Bitcoin is not going to > be outcompeted and replaced or otherwise regarded as worthless?
I'm just saying that rational economic actors will prefer to pay 10 usd over 11 usd in fees. My example was: 10 usd flat fee vs 1% fee (both numbers pulled out of a hat). Well, 10 usd fees is cheaper than 1% fees for any transacted amount greater than 1000 usd. Take into account that this is just an extreme example to make my point: hopefully fees will never rise to a value as high as 10 usd. _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
