billyjoeallen
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billyjoeallen
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December 23, 2015, 04:22:52 AM

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Pushing for higher miner fees is barking up the wrong tree. Either we manage with lower fees or the system fails, if you ask me. This will be the case regardless of transaction rate.

Can't we just hardfork to a new, better block reward schedule (print more money)?
What good would that do? The mining subsidy is the single biggest reason miners suck off such a large portion of wealth stored in BTC at the moment. Mining subsidy coupled with bullish price expectations, that is. (An inflation-corrected BTCUSD chart would probably be pretty illuminating...)

That's a really good idea. A chart of BTC price over time adjusted by the amount of total BTC in existence at that point in the chart.

SIDE NOTE. Sold some coin today to pay off a few bills. Still positioning myself to wait out the fullblocalypse.




Here's a chart of market cap, but I guess you are looking for the opposite effect

https://blockchain.info/en/charts/market-cap?timespan=all&daysAverageString=7&scale=0&address=

I'm not looking for an effect. I'm looking for insight.