personally disagree that a block size increase would constitute a solution, the problem would still exist that someone with money to burn could fill blocks (just 4MB or 15MB instead of closer to 2MB)
i think the fee market should solve this problem naturally (hopefully) - you’d think on-chain token folks will eventually run out of money to burn on fees, and they’ll run out of buyers for their hot potatoes
time will tell if that’s the correct take
but, assuming the “storm passes” it’s still a very great example of what technically needs to be thought about and solved creatively - i’m naive in this space, but i saw something the other day about excess fees for transactions where transaction costs are some amount larger than the value being transferred
not saying that’s the solution, because i’m sure there are a bucket of unintended consequences with that (and i probably didn’t even understand it properly) - but, my point is more that once this hopefully passes it’s definitely something we should all be thinking about from all the possible angles
and, my point with my original post, is i think this is a problem that plagues xmr and ltc too (even if it hasn’t shown itself yet, it seems like it’s something to think about at least)
yort
npub156…03y3s
2023-05-09 16:39:29
in reply to nevent1q…9kfq
Author Public Key
npub156ndcn2xqlav8wrty2gk8x9qtmen7wx2uhl2hmrxsvkwq2duza2sw03y3sPublished at
2023-05-09 16:39:29Event JSON
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"content": "personally disagree that a block size increase would constitute a solution, the problem would still exist that someone with money to burn could fill blocks (just 4MB or 15MB instead of closer to 2MB)\n\ni think the fee market should solve this problem naturally (hopefully) - you’d think on-chain token folks will eventually run out of money to burn on fees, and they’ll run out of buyers for their hot potatoes\n\ntime will tell if that’s the correct take\n\nbut, assuming the “storm passes” it’s still a very great example of what technically needs to be thought about and solved creatively - i’m naive in this space, but i saw something the other day about excess fees for transactions where transaction costs are some amount larger than the value being transferred \n\nnot saying that’s the solution, because i’m sure there are a bucket of unintended consequences with that (and i probably didn’t even understand it properly) - but, my point is more that once this hopefully passes it’s definitely something we should all be thinking about from all the possible angles\n\nand, my point with my original post, is i think this is a problem that plagues xmr and ltc too (even if it hasn’t shown itself yet, it seems like it’s something to think about at least)",
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