Author: grarpamp 2015-06-24 06:14:22
Published on: 2015-06-24T06:14:22+00:00
In an email exchange, Peter Todd highlighted how the proposed bump in mining fees was being suggested at a time when blockchain space demand is low and transaction costs are low. However, recent averages show that transactions cost around $0.04. Various stress tests have indicated the need for 10 times more. Despite this, Todd argues that the proposed bump is insignificant for almost all use cases since there is a whole ecosystem of non-purchase cases for which non-profit-mining fees are enabling such as penny stocks, voting, and notarizing.
Updated on: 2023-06-10T00:27:51.684840+00:00