intabli

Most world governments and taxing authorities work for their populace, they could be easily voted out if people saw what other nations are benefiting from such innovation.

As for what’s feasible and evidence on it, I assure you, Edison had no clue that the internet will one day be born out of his electricity inventions and that it will be mostly used for porn, so sit back, relax and enjoy the next 100 years of untold human history.

You mentioned it before that I did. And no I don’t want you to pump it, but answer the following yes/no questions please:

-) Did your article discuss miner profit from finding Bitcoin?

-) Did you mention that Bitcoin’s emission halves and will eventually end?

-) Did you mention that miners profit from including transactions?

-) Did you mention that transactions become the SOLE source of income once all Bitcoin is mined in around a century from now?

-) Did you mention that BTC is a version of Bitcoin which allows only for a maximum of 200k transactions every ten minutes?

-) Did you mention that the original design should allow for millions (and billions 30 years from now) of transactions every ten minutes?

-) Would such a huge number of transactions processed render miners more profitable than your calculation?

-) Would revenue from fees be much higher than the 1-2% you mentioned miners currently do?

-) Does omitting the above facts render your article possibly half-factual?

One increase every time its theoretical limit is approached, which becomes exponential as transaction growth becomes exponential.

If transactions scale enough for you to be able to shut down most bank branches, end commutes for all banking and central banking employees, shut down all credit card companies and their offices and terminals, turn off ATMs, end printing physical paper money and minting money, just to mention a few, I think the environment will be way, way better off.

That’s the argument behind unlimited on-chain transactions.

Ethereum is account based, not UTXO based, has a completely different overhead and you can’t possibly compare it to Bitcoin.

If you measure value by the thing Bitcoin came to replace (fiat), your vision will be distorted.

If you measure value as a consequence of utility, they’re certainly far more valuable than BTC (BSV however is a corp coin and has weird copyrights so I wouldn’t touch it with a stick).

When you discuss miners, on a network DESIGNED to emit less Bitcoin and change to transaction fees down the line, it’s ultra important to note that this actually working vehicle exists and the same miners protecting the speculative vehicle are also protecting the actually working one. And when calculating for the working one, miners are set to be some of the richest businesses on the planet, even when ALL Bitcoin has been already mined, a 100 years from now, because of transaction fees.

Crypto is still very, very, early. I assure you of that.

But you make it seem as if it’s a done tale, as if there were no bad actors, no companies set to profit from selling their own “Layer 2” solutions, no censorship, etc. Reality is, even if the whole planet (not only the 99% of the community you claim) were set on a broken vehicle which they can barely drive but just speculate on, it won’t be long before most realize that this is just that, a broken vehicle meant for speculation and has nothing to do with peer to peer electronic cash, you know, Bitcoin.

So when you discuss miners, on a network DESIGNED to emit less Bitcoin and change to transaction fees down the line, it’s ultra important to note that this actually working vehicle exists and the same miners protecting the speculative vehicle are also protecting the working one. And when calculating for the working one, miners are set to be some of the richest businesses on the planet, even when ALL Bitcoin has been already mined, a 100 years from now.