📅 Original date posted:2014-03-06
📝 Original message:Thanks Alex!
About the video - I'm curious how your device is better than just a regular
tablet. Could you give us the elevator pitch? :)
On Thu, Mar 6, 2014 at 3:39 PM, Alex Kotenko <alexykot at gmail.com> wrote:
> I mean - if with Bitcoin v0.9 transaction fees will become really
> floating, and it should eventually reach equilibrium that will reflect some
> real world value. Probably a tiny value, but probably also rather stable
> value. So confirmationless payment cap may be defined as
> <current_average_transaction_fee>x10000.
>
I guess fees will wander up and down depending on system load rather than
real world value - but maybe you're right. That said, all wallets sync
exchange rates automatically already.
In some Star Trek future, perhaps we would want Bitcoin to be independent
of other value units. But I'm not convinced such a world will ever exist.
Arguably, a stable currency would slowly become worth more over time in
line with economic growth. But then for stable prices you would need
something like a fake currency that was "backed by" (really: represented
by) a basket of goods. Otherwise over time your rent would go up in real
terms, for good real reason.
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Mike Hearn [ARCHIVE] /
npub17t…4qgyd
2023-06-07 17:14:55
in reply to nevent1q…yaf4
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydPublished at
2023-06-07 17:14:55Event JSON
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"content": "📅 Original date posted:2014-03-06\n📝 Original message:Thanks Alex!\n\nAbout the video - I'm curious how your device is better than just a regular\ntablet. Could you give us the elevator pitch? :)\n\nOn Thu, Mar 6, 2014 at 3:39 PM, Alex Kotenko \u003calexykot at gmail.com\u003e wrote:\n\n\u003e I mean - if with Bitcoin v0.9 transaction fees will become really\n\u003e floating, and it should eventually reach equilibrium that will reflect some\n\u003e real world value. Probably a tiny value, but probably also rather stable\n\u003e value. So confirmationless payment cap may be defined as\n\u003e \u003ccurrent_average_transaction_fee\u003ex10000.\n\u003e\n\nI guess fees will wander up and down depending on system load rather than\nreal world value - but maybe you're right. That said, all wallets sync\nexchange rates automatically already.\n\nIn some Star Trek future, perhaps we would want Bitcoin to be independent\nof other value units. But I'm not convinced such a world will ever exist.\nArguably, a stable currency would slowly become worth more over time in\nline with economic growth. But then for stable prices you would need\nsomething like a fake currency that was \"backed by\" (really: represented\nby) a basket of goods. Otherwise over time your rent would go up in real\nterms, for good real reason.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140306/608da23e/attachment.html\u003e",
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