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Date: Sun, 30 Aug 2015 08:38:29 +0200
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From: Adam Ritter <aritter@gmail.com>
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Subject: Re: [bitcoin-dev] Your Gmaxwell exchange
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I don't really see any problem with the paper:
All it states is that having the assumption that miners don't
centralize, transaction fees don't go to zero even without the
blocksize limit. I think we can accept this as a nice academic
research, and I believe that it's true.
Still, it doesn't have anything that is practical for me as an user of
the Bitcoin network (I use it for storing long-term purchase value, as
most of the people who I know): it doesn't help me if I still need to
pay transaction fees after the blocksize limit is gone. My (and other
users') main concern is about centralization, which has nothing to do
with transaction fees. I would be OK with $100 transaction fee as
well, as long as the network is fair and secure (which comes from
decentralization).
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