Bitcoin is Being Hot-Wired for Settlement

These proposals help […] prevent defection between the miners from undermining the fee market behavior that will eventually fund security.

The development of a fee market and the evolution towards an ecosystem that is able to cope with block space competition should be considered healthy. […] However, the purpose of such a change should be evolution with technological growth, and not kicking the can down the road because of a fear of change in economics.

If Bitcoin block size is not increased via a hard-fork, when the next Bitcoin reward halves, Bitcoin transaction fees may become prohibitively high for certain applications.



Husband, father, futurist, author, bitcoin core developer, Linux kernel engineer, cloud computing hacker, armchair foreign policy nerd, kinda sorta libertarian.

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