Thanks, Ryan. If a $0.0015 output is considered dust at th…

Twetch ·

Thanks, Ryan.

If a $0.0015 output is considered dust at the 1 sat/b default fee, taking a percentage of a 1 cent micropayment with modestly sized OP_RETURN data becomes tough.

That's a huge boon to the micropayment market and narrative.
https://twetch.app/t/a867a67e94700a4bdbf7e669924f70a3d8c0e9d7055eafe41c0be8c22a166a08

Replies

Twetch ·

It's a temporary luxury problem BSV have being the micro payment platform that works & will have for a very limited time. I think these issues will be solved for most users fast & more advanced users can solve it programmatically according to their needs.

Twetch ·

Unfortunately we find ourselves in a precarious position right now.

If Twetch exploded in popularity tomorrow and wanted to lower posting costs to $0.01, they couldn't do so reliably.

Long-term I am confident but short to mid-term this is concerning.

Twetch ·

I think so too @176 - we're about to tackle the 25 unconfirmed TX bottleneck as new ones are emerging. Long-term, we'll need more decimal points to facilitate regular sub-1sat/b TXs.

Genesis cannot be the end if BSV as a micropayment rail is to succeed.

Twetch ·

I think soon Twetch will to go out & sell their present & future volume to a bigger miner with a lower price. The network as a whole will compete the min-allowed price down rapidly as more investors look towards the future instead of the present income.

Twetch ·

IIRC some BSV apps are already doing this, which is great. But imagine an ecosystem of 10,000 apps. 100,000 self-hosted payment gateways. 10,000,000 active users.

At that scale the payment APIs (MoneyButton, RelayX, etc.) would have to be the deal-makers.