OHOHOHOHOOHOOHOHO

OOOOOOHHHOHOHOHOHOHOHOHOHOOHOHOHOHOHOAAHAHAHAHAHAHHAAHAOHOHOHOHOHO

Attached: Screenshot_20200511-093453_Chrome.jpg (1080x2220, 629.38K)

unironically a good thing
with mining fees being halved, miners will increasingly need to rely on fees to remain profitable
unfortunately for bitcoin they havent been successful in driving transaction volume, which is necessary to boost fees long term

"soar". up 10 sats

Attached: rogers-678x356.jpg (678x356, 46.32K)

This won't last long. Are you assuming the btc fees will double every 4 years forever? Thats dumb and will stop everypne from using it eventually

who the fuck is going to use btc if fees keep going up like that

grug no like corn no more. grug priced out. grug go to mETH and enrich foundation that holds 98% supply.

my post should have read "with mining rewards being halved"
anyway. mining fees are driven by demand. more people using btc -> higher fees. saying high fees will pwn btc is like the old adage of "that place is too popular, no one goes there anymore"
what you dont want is a big spike in fees like we experienced two years ago
regardless, this is the economic challenge bitcoin faces. eventually in the far future, the block reward will shrink to zero. at that point, miners only will mine for transaction fees. if they arent sufficient to cover the cost of mining, no one will mine and bitcoin will be doomed.

>Hey check out this thing called Bitcoin, it's just fast and cheap to send...well it's not that fast you just need to wait for an off-peak time to buy that coffee...and well it's not that cheap it currently costs $30 to send a transaction...but it's decentralised......

Attached: wojak worry.png (225x224, 6.99K)

this is why core devs are focused on LN

no it isn't. the only thing that still drives this shit up is manipulation and unrealistic expectations. when fairytales about halving come to an end, things will start to get real ugly.

but what if BTC were to double in price after halvening

It's to protect your wealth and not have it stolen by kike central bankers. I'd rather have transaction fees than have a portion of my wealth stolen every year to fund kike paedos

no shit

On Ethereum you can have your keys, mongoloid.

Both ETH and LN are shit

Primary purpose of a currency is to pay taxes. Everything else is secondary.

Nice try charles

yeah, but you get assraped by miners that are siphoning out about 4 billion $ every year. so actually, you gained nothing.

Imagine trying to build on Bitcoin as the fees and transaction times skyrocket.

Bitcoin maximalists live in a fantasy world where Bitcoin still works the same way/has the same properties as it did in 2011. It's like they're incapable of seeing what is has become.

Miners can't inflate the currency through policy though. You're about to see many fiat currencies die off one by one as the crisis unfolds. One already has: RIP the Iranian Rial, long live the Iranian Toman.

Attached: whats going on.jpg (480x360, 21.37K)

fiat currencies are pieces of shit, but you can't just replace them with another piece of shit. just because bitcoin was first, doesn't mean we have to put its crap.

obviously then you wouldnt need the fees to go up to compensate
i dont see why btc would double as a result of the halvening though. seems like wishful thinking to me.

Mining fees are only driven by demand when BTC is way above the mining price. Otherwise the fag miners try to offload their costs on the users. That’s the reason barely anyone transfers bitcoin anymore. Too slow, too expensive. You either baghold it in a cold wallet for months or just liquidate into a stablecoin if you want to transfer between exchanges