Bitcoin Transaction Volume Decreases With Batching, Not Due To Lack Of Demand

[drabe]

It is often difficult to find positive reports about Bitcoin. Too many transactions cause a spike in overall fees. Fewer transaction makes media outlets believe the interest in Bitcoin is slowing down. The uptick in SegWit adoption is indeed reducing the number of transactions, but that is a positive trend It seems a lot of people aren’t familiar with transaction batching.


Read more at : https://www.currencytimes.co.in/bitcoin-transaction-volume-decreases-with-batching-not-due-to-lack-of-demand/

[Kakmakr]

There are several things that the author of this article, left out.

The introduction of SegWit increased the block size <stripping unnecessary baggage and fitting more tx's into a block> and this made spam attacks more expensive. These spammers realized this and they temporarily seized these attacks for now. It is much easier to spam a congested network, than it is to spam a network with a much lower transaction volume. It will cost you more to disrupt a network that are not congested.

I am still not convinced that "Batching" is mainstream yet, because Coinbase <one of the biggest exchanges>, have not implemented it yet. 

[Pursuer]

there are multiple reasons for the drop in number of transactions and lack of demand is not one of them. granted the number of investors may have decreased due to the end of the big bull run but that is not lack of demand it is the fake demand going away. the real demand is still there and it is increasing day by day.

The introduction of SegWit increased the block size <stripping unnecessary baggage and fitting more tx's into a block> and this made spam attacks more expensive.

ummm, no.
everything about spam attacks are still the same. the spammers can, at any time, start the same spamming operation and with the same type of transactions (P2PKH and specially P2SH which takes up bigger space) to fill the blocks right up and increase the size of mempool.
SegWit can not do anything about that.

[squatter]

There's more to it than just batching and Segwit, though they play a part. I see it as short term (sometimes anomalous) vs. long term demand. Spam attacks and heightened short term exchange activity can drastically overstate things. When mempool size rises and falls by 50x over relatively short periods of time, these cases are pretty anomalous. We shouldn't treat them as "normal."

So, demand has drastically fallen from the peaks in May and December 2017, but this is totally normal.