rich1.0npub1ffc8cszk5wq34nvq78qm7npmmc8wsxg4538k7sy604shwmmrsjgsk2qp3dhttps://nostr.ae/npub1ffc8cszk5wq34nvq78qm7npmmc8wsxg4538k7sy604shwmmrsjgsk2qp3dnjumphttps://nostr.ae📅 Original date posted:2015-06-19 📝 Original message:>When is the right time to allow space pressure to rise that ratio? >When the subsidy is at 1.5625, for example, it may be too late to I don¹t believe we have to decide, the miners will do that and are doing that already. >start a non-catastrophic transition from subsidies to fees. >I don't claim to know that, but it's something that worries me. >No matter how many people say "that's too far away in the future to >worry about it", I still worry about it and I'm sure more people do. >What if "when it's time to care about it" we discover that we should >have started to do things about it long ago to minimize the risks of >this transition? Hmmm. What should be the price of an email? How much should DARPA have charged for using TCP/IP? I see a lot of well-paid, first-world technologists arguing for commercial returns on a nacent protocol which could could offer benefits to the unbanked. Is that really the vision: to (re)build a de-centralized Paypal with slightly cheaper fees and cool hooks into off-chain commercial systems providing profits for the already rich? >-------------------------------------------------------------------------- >---- >_______________________________________________ >Bitcoin-development mailing list >Bitcoin-development at lists.sourceforge.net >https://lists.sourceforge.net/lists/listinfo/bitcoin-development