Pursuer
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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February 03, 2018, 11:29:51 AM |
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that is simplifying the situation by a lot. it is not just 2 scenarios, there are a lot of different things that can happen. and remember that (for good or bad) the investors have proven they don't care much about bitcoin transaction fees since one of the biggest rises of bitcoin happened during one of the highest fee periods that bitcoin ever had! the fees were $100 and price kept going up from $8000 to $20000
also I would like to say that your #1 will probably never happen because if we assume people move on to altcoins because bitcoin fees were high, that means these altcoins which were not being used before and had nearly empty blocks will start to handle a lot of transactions and have their blocks fuller. and eventually you will see how they suck at scaling worse than bitcoin. and we started this scenario with the assumption that "people move away from bitcoin because of fees" so it is s till true, and as fees of altcoins grow they should move away from them. but to where? back to bitcoin!
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