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by CryptoPunk
3130 days ago
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>>Guess what has to happen to maintain or increase value transfer when you have reached a limit on blocksize.
Ding ding ding! You guessed it! No, the price rise is not in any way conditioned on the block size being limited. Whether $1 billion worth of coins is being moved via 1 million or 1 thousand txs has no bearing on what the per coin price has to be. All that matters is the value moved and the number of coins doing the moving. >>The utility has not degraded and just looking at 'number of transactions' is not useful. Being limited to larger value transactions with higher fees hugely degrades utility. |
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