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Comment by phaet0n

Bitcoin is simply going through a discontinuity brought on by a fixed blocksize. Personally, I feel uncertainty is the real issue. The "community" should either accept this, or opt for a potentially unlimited ceiling (limited by physics and network size and topology).

If you choose to remain with the fixed blocksize, then you're betting the system will reach another equilibrium (which may be total collapse). This equilibrium will revolve a natural evolution in the pricing of transactions.

Either way, at some other point in the future another source of discontinuity will be the circulation limit. Again, which may or may not kill the system.

Bitcoin is simply evolving, as it necessarily needs to.

It's definitely interesting to watch as an outsider.

parent phaet0n 10 years ago

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