Ironically a huge price increase would stagnate USE of Bitc…
Ironically a huge price increase would stagnate USE of Bitcoin on Twetch.
The fee rate is going to 0.5 sat/byte next month, but it won't be enough, so competition will soon be fierce as dynamic pricing by individual miners is possible.
#feegate #bsv
https://twetch.app/t/b30d60845180c13c34f98f8f5310d204c03f31b758e01acb33c4833975ffe5b1
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That's not correct. Price increases tend to correlate with higher volume.
All I hear is that signal strength will go up 📡🗣
Yes @385, but a $2 100KB image upload wouldn't work for new users coming in.
Fees in dollar amount needs to be fixed constant. cost in terms of satoshi unit needs to adjust automatically with price. For the time being at least.
Say if users are ok with 1 cent per post, or 5 cents per follow or what not, then that's the amount that will be deducted each time regardless of price of BSV, I think that will ultimately be important for growth.
Since miner fee is negotiable, ensuring stability for users should be doable. Of course that means more work to put that in place. Also, I mentioned we have to be able to compete with twitter as a business. That's important to consider as well.