{"type":"rich","version":"1.0","author_name":"Tom Harding [ARCHIVE] (npub1ms…pmwjy)","author_url":"https://nostr.ae/npub1msef5qkfwz4t7qacwxz775wgdtlytph78g2g2z903x90874u263sypmwjy","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-05-06\n📝 Original message:On 5/6/2015 3:12 PM, Matt Corallo wrote:\n\u003e Long-term incentive compatibility requires\n\u003e that there be some fee pressure, and that blocks be relatively\n\u003e consistently full or very nearly full.\n\nI think it's way too early to even consider a future era when the fiat \nvalue of the block reward is no longer the biggest-by-far mining incentive.\n\nCreating fee pressure means driving some people to choose something \nelse, not bitcoin. \"Too many people using bitcoin\" is nowhere on the \nlist of problems today.  It's reckless to tinker with adoption in hopes \nof spurring innovation on speculation, while a \"can kick\" is available.\n\nAdoption is currently at miniscule, test-flight, relatively \ninsignificant levels when compared to global commerce.  As Gavin \ndiscussed in the article, under \"Block size and miner fees… again,\" the \nbest way to maximize miner incentives is to focus on doing things that \nare likely to increase adoption, which, in our fiat-dominated world, \nlead to a justifiably increased exchange rate.\n\nAny innovation attractive enough to relieve the block size pressure will \ndo so just as well without artificial stimulus.\n\nThanks for kicking off the discussion.\n\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150506/259707d3/attachment.html\u003e"}