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.

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

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