Re:On anyone-can-spend Pay-to-Taproot outputs before activation
by thebean11 on Friday July 23, 2021 @02:29PM
(#27934059)
> While that's being socialized across block reward for now, when that ends, it will have to be born directly by customers
That's true, total transaction revenue will need to go up. That doesn't mean per-transaction revenue needs to go up though.
Put another way, transaction volume needs to scale before inflation gets too low.
Re:On anyone-can-spend Pay-to-Taproot outputs before activation
by wmf on Friday July 23, 2021 @02:38PM
(#27934164)
transaction volume needs to scale before inflation gets too low
Good thing they decided to never scale transaction volume.
Re:On anyone-can-spend Pay-to-Taproot outputs before activation
by thebean11 on Sunday July 25, 2021 @05:05PM
(#27952912)
That's simply not true. They are ultra conservative with block size. That doesn't mean transaction volume won't scale. It doesn't even mean block size won't go up.
Re:On anyone-can-spend Pay-to-Taproot outputs before activation
by vmception on Friday July 23, 2021 @05:47PM
(#27935996)
I'd like the option as thats where they were traded before the transaction space was limited. Counterparty, OMNI... doing that stuff over Lightning Network. Other Layer 2s. The growth of this stuff is limited by bitcoin's current state. It just makes interoperability with the broader Defi space more practical.
Regarding energy, if thats your battle then work on that aspect, there are some influencers aiming to convince miners to create a more energy efficient version of transaction propagation, settled on the Bitcoin network.
[edit] Direct fees are lower than they used to be, and the energy cost is about now up to about $100-120 per transaction. While that's being socialized across block reward for now, when that ends, it will have to be born directly by customers or see the network become less secure.