AlexGR
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March 16, 2016, 08:55:49 PM

We have a capacity of around half a million transactions per day no matter how high the fees get.  We are closer to that limit than we were before blocks filled up.  Fees do not add capacity and only mitigate the problem without solving it.  With less room to grow, we will grow less. How is that even controversial?

Your underlying assumption is that spam=legit tx volume=growth.

I do not assume the same thing:

https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-10
https://blockchain.info/charts/n-transactions-excluding-chains-longer-than-100

This is the number of txs when you exclude coins that have been sequentially sent over and over again for >10 or >100 times.

This is like saying, I gave you 5$ in paypal, you instantly gave it to someone else, and he instantly gave it to someone else, and this happened over 100 times in a single day (with the same money). Sounds legit Tongue

Well, if you have people that do chains of >10, >100, >1000, by sending coins between their addresses or something, they are occupying the space of >100 or >1000 ordinary txs by doing so. This is only made possible by the extremely low fee structure. If fee competition is introduced in a meaningful way, for one such chain that is eliminated, you get +1000tx capacity for normal uses.

Legacy systems won't really allow that kind of abuse. By the time you've done that a few times with a bank wire or visa or paypal, the 5$ will be gone in fees.

The halving is known. It's priced in.  It's the only reason we aren't trading in the $200s right now.

That's speculation-wise.

The daily effect of having just the half BTCs for dumping is something that will be of benefit only post-halving.