📅 Original date posted:2015-06-19
📝 Original message:>When is the right time to allow space pressure to rise that ratio?
>When the subsidy is at 1.5625, for example, it may be too late to
I don¹t believe we have to decide, the miners will do that and are doing
that already.
>start a non-catastrophic transition from subsidies to fees.
>I don't claim to know that, but it's something that worries me.
>No matter how many people say "that's too far away in the future to
>worry about it", I still worry about it and I'm sure more people do.
>What if "when it's time to care about it" we discover that we should
>have started to do things about it long ago to minimize the risks of
>this transition?
Hmmm. What should be the price of an email? How much should DARPA have
charged for using TCP/IP?
I see a lot of well-paid, first-world technologists arguing for commercial
returns on a nacent protocol which could could offer benefits to the
unbanked.
Is that really the vision: to (re)build a de-centralized Paypal with
slightly cheaper fees and cool hooks into off-chain commercial systems
providing profits for the already rich?
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>Bitcoin-development at lists.sourceforge.net
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GC [ARCHIVE] /
npub1ff…2qp3d
2023-06-07 17:38:39
in reply to nevent1q…xe6h
Author Public Key
npub1ffc8cszk5wq34nvq78qm7npmmc8wsxg4538k7sy604shwmmrsjgsk2qp3dPublished at
2023-06-07 17:38:39Event JSON
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"content": "📅 Original date posted:2015-06-19\n📝 Original message:\u003eWhen is the right time to allow space pressure to rise that ratio?\n\u003eWhen the subsidy is at 1.5625, for example, it may be too late to\n\nI don¹t believe we have to decide, the miners will do that and are doing\nthat already.\n\n\u003estart a non-catastrophic transition from subsidies to fees.\n\u003eI don't claim to know that, but it's something that worries me.\n\u003eNo matter how many people say \"that's too far away in the future to\n\u003eworry about it\", I still worry about it and I'm sure more people do.\n\u003eWhat if \"when it's time to care about it\" we discover that we should\n\u003ehave started to do things about it long ago to minimize the risks of\n\u003ethis transition?\n\nHmmm. What should be the price of an email? How much should DARPA have\ncharged for using TCP/IP?\n\nI see a lot of well-paid, first-world technologists arguing for commercial\nreturns on a nacent protocol which could could offer benefits to the\nunbanked.\nIs that really the vision: to (re)build a de-centralized Paypal with\nslightly cheaper fees and cool hooks into off-chain commercial systems\nproviding profits for the already rich?\n\n\u003e--------------------------------------------------------------------------\n\u003e----\n\u003e_______________________________________________\n\u003eBitcoin-development mailing list\n\u003eBitcoin-development at lists.sourceforge.net\n\u003ehttps://lists.sourceforge.net/lists/listinfo/bitcoin-development",
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