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Re:402 Payment Required, and why micropayments are doomed by nerdbaggy on Tuesday May 19, 2020 @07:50PM (#23241727)
Bitcoin wants it to be expensive which is the problem
Re:402 Payment Required, and why micropayments are doomed by core-questions on Tuesday May 19, 2020 @08:28PM (#23242023)
Why would they want it to be expensive? Who gets the money?
Re:402 Payment Required, and why micropayments are doomed by dn2k on Wednesday May 20, 2020 @03:43AM (#23244335)
Cause fee replacing subsidy is the only way to ensure you can maintain the security without inflating the supply. Increasing the blocksize is not an opion. The solution is Lighting Network that allow cheap instant micropaymemts and leave large txs onchain where a tx is more expensive. LN is where most of the innovation is happening right now.
Re:402 Payment Required, and why micropayments are doomed by nerdbaggy on Tuesday May 19, 2020 @08:38PM (#23242083)
The people running the miners. The higher the price the more money they make.
Re:402 Payment Required, and why micropayments are doomed by thinkmassive on Tuesday May 19, 2020 @09:55PM (#23242506)
Which means they’ll invest more to produce it, providing greater security to the network by making it more expensive to conduct a successful double spend attack. The users also want it to be secure. It’s a great alignment of incentives.
Re:402 Payment Required, and why micropayments are doomed by nerdbaggy on Tuesday May 19, 2020 @10:18PM (#23242639)
Yeah it just shows that there is incentive for prices to remain higher than lower
Re:402 Payment Required, and why micropayments are doomed by zhoujianfu on Wednesday May 20, 2020 @04:08AM (#23244473)
core-questions indeed!!