Perhaps the fee structure can be dynamically adjustable based on

Question

Perhaps the fee structure can be dynamically adjustable based on

volume? higher volume = lower fees, I don't know enough about the actual model to make a useful contribution to it, but it does strike me to be a "trial by fire" scenario, if BCH has to scale to stupendous scale or it dies

#bch #bitcoincash #cryptocurrency #english

0

17.03.2022

11 ответов

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purpleerose

Joe Fintec
fees are low enough. visa and mastercard raised th...

90 mil transactions a day is 23gb a day and would need at least 160mb blocks to accommodate it

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17.03.2022

Joe Fintec

purpleerose
90 mil transactions a day is 23gb a day and would ...

so? it's doable

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17.03.2022

tomothy

Joe Fintec
so? it's doable

It's likely definitely doable. The coin I don't want to name has gigabyte blocks full of cat pictures. There's just no reason to do it right now.

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17.03.2022

purpleerose

Joe Fintec
so? it's doable

The 90 million transactions would be needed just to reach $500,000 a day in fees; last year BTC would have between $1 million and $16 million a day in TX fees . It just seems like we're never going to catch up TX fee wise if we only scale volume

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17.03.2022

Anthony

purpleerose
90 mil transactions a day is 23gb a day and would ...

Are you suggesting that BCH can’t scale as a currency for the word?

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17.03.2022

Remora_101🟢

purpleerose
The 90 million transactions would be needed just t...

The elephant in the room is, what level of security do we even need? Neither BTC nor BCH ever answered that question. But it defines how much hashrate you want and how much you are willing to pay or change the fees to achieve that. BCH just assumed it needs BTC level of hashrate. But BTCs hashrate is blown up by the price hike during coinbase reward phase.

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17.03.2022

Remora_101🟢

Anthony
Are you suggesting that BCH can’t scale as a curre...

🙄🙄 don't be the annoying kid at the adult table, please.

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17.03.2022

Anthony

Remora_101🟢
🙄🙄 don't be the annoying kid at the adult table, p...

Will the block need to increase at a point of usage /transaction ?

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17.03.2022

purpleerose

Remora_101🟢
The elephant in the room is, what level of securit...

ASICs will get faster, pools will get larger. If we want to protect BCH then I think some people in the grand scheme of things will need to pay higher fees because I just don't see 100 million transactions a day being likely within a few halvenings

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18.03.2022

Luke High - Rabbi Of Bcash High Rabbi Of Bcash

purpleerose
ASICs will get faster, pools will get larger. If w...

higher fees isnt the answer, its making the chain able to do more, which is being worked on.

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18.03.2022

Joe Fintec · Accepted Answer

Joe Fintec

fees are low enough. visa and mastercard raised their fees. so bch tx is cheap as fuck. that's not the problem. what bch needs is DIRECT payment to major players for goods and services....especially frequent stuff. mcdonald's, starbucks, amazon, ebay....that creates enough tx volume

0

17.03.2022

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Perhaps the fee structure can be dynamically adjustable based on

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