Re:Bitcoin cash mining profits jump
by rothbardrand on Saturday August 19, 2017 @06:42PM
(#15056045)
No it won't. FlexTrans is ... lets just say it's not fully baked yet.
Also the people creating congestion on BTC are the people who made BCH-- there is no natural congestion on BTC. Segwit quadruples capacity and lowers fees-- I expect we will quickly see segwit transactions be super cheap while the Jihan spam attack drives up non-segwit transactions making it really obvious that this is, in fact a spam attack (it's already obvious if you understand things well enough to look at the blocks yourself. Jihan is including his low fee spam transactions in his own blocks even though it otherwise wouldn't be economical to do so.)
The only point for BCH is that transaction congestion won't force people to use layer 2 settlement layers, as there is a philosophy of an onchain scaling solution as well where transactions will remain cheap.
The block reward will still be supplanted by transaction fees in this solution, eventually. Whether with blocks being extremely large, or with a few halvings later.
Flextrans wouldn't be implemented solely for the lightning network. It would just be possible to do that as well.
edit: annnnnd a downvote without even a rebuttal, reminds me of a bitcoin reddit. a little disheartening.