security budget gap, which means the random fees would be around 50-100 times higher on average and grow even more with each halving 🤣
But that isn't a fee the user pays, right? It's actually miner reward (security budget)? Why hide it as tx fee... it's just tail emission distributed across transactions, right?
It says "users don't know how much Txs fees will be deducted". So I think the users pay the fees 😂
How can the user pay an unknown fee at conf 12? Will it be deducted from the output? Recipient doesn't know how much he receives until 12 confirmations, either? Ridiculous. We're understanding wrong or joke.
it certainly sounds weird. I'm half tempted to figure out the technical details. Is it changing the UTXO amount after the fact? Is it delaying mining until a tx has been in the mempool long enough? Is it all just a pipedream based on no knowledge of Bitcoin? But in the end its just another step they are making which I think is awesome, I won't object to them making a mistake that kills payments on BTC.
Well "it's just an idea by Peter todd". He certainly understand Bitcoin on a technical level.
Does it only work with segwit? Cause surely the user would need to sign that, right?
I hope they implement this lmao
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