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What’s the strategy for long term fee issues if the

valuation goes too high?

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There was some discussions regarding this a few years ago. https://bitcoincashresearch.org/t/lower-the-default-relay-fee-create-a-fee-estimation-algorithm/ And: https://bitcoincashresearch.org/t/chip-2021-05-minimum-fee-rate-voting-via-versionbits/ I'm sleeping good at night knowing that this problem is (a) very far away and (b) can be solved without changing consensus.

min fee is not consensus, any miner can offer cheaper than the default I see min. fee as training wheels until network actually has significant sustained use halving the min. every 4 yrs ought to be fine: https://twitter.com/bchautist/status/1737464178955227547 and once network actually starts seeing use and organic growth then eventually we'll discover a natural fee floor

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