Re:Update on Bitcoin Cash
by thanksgiving on Friday August 04, 2017 @06:44AM
(#14927699)
Slightly off topic but I think transaction fees should be as close to zero. No, I am not talking about lightning. If we need to start fresh and design a new system that allows it, I am all for ditching Bitcoin altogether as well. It will have served a purpose in that we have learned a lot.
To me, low transaction fees is more important than even anonymity or decentralization. My understanding of the problem is that we need to somehow encourage everyone to run a full node. We've decided a transaction fee that goes to "miners" is a good way to do that.
Well, my problem is that now miners want higher transaction fees. We have inherently opposite goals and as such I cannot be allied with miners at all.
Re:Update on Bitcoin Cash
by kobeya on Friday August 04, 2017 @07:30AM
(#14927901)
Then make something else. Bitcoin is not designed to be a low/zero transaction fee system. It makes clear architectural choices in support of decentralization at the expense of scalability. Don't destroy bitcoin because you wanted something else.
To me, low transaction fees is more important than even anonymity or decentralization. My understanding of the problem is that we need to somehow encourage everyone to run a full node. We've decided a transaction fee that goes to "miners" is a good way to do that.
Well, my problem is that now miners want higher transaction fees. We have inherently opposite goals and as such I cannot be allied with miners at all.