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by RealityVoid 874 days ago
> Currently the actual cost of a BTC transaction is hundreds of dollars

I thought... huh, this can't be right. So I did some back of the napkin math. We have about 2500 transactions in a block, a block reward is 6,25 BTC. That comes around a cost of 0.0025 BTC per block, or about 112USD. That's without considering the extra tip from the transaction. So, not really hundreads, but damn' close.

It makes me think increasing the block size really wasn't a bad idea.

> there's no reason the 21M coin limit can't be raised to continue doing exactly what has been happening so far.

Sure, but you'd need a hard fork. Not impossible, but hard to reach the consensus.