Nostr Web Client

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ODELL

block space is very scarce, transaction fees should become substantial over the next few decades

but i will also readily admit i was wrong already on this topic and mempools are empty as fuck

TKay 6mo ago 💬 2

Why is block space considered scarce, when it’s actually infinite?

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Discussion

caleb 6mo ago 💬 1

Scarce like time

TKay 6mo ago 💬 1

Time is infinite too.

caleb 6mo ago 💬 1

Exactly. But you only get it a second at a time, until you get 0/sec per sec.

Infinite over an infinite horizon, but finite in the short run and in any finite period.

TKay 6mo ago 💬 1

We need a word for that… other than scarce.

caleb 6mo ago

restricted throughput - but said better

ODELL 6mo ago 💬 2

its clearly not infinite, it is capped, intentionally

TKay 6mo ago 💬 1

But there is always more of it every 10 minutes. It’s like a hotel that adds a floor every 10 minutes, forever.

It’s a unique type of scarcity that is conditional. It’s more psychological than actual.

Obviously, I’m being philosophical here. I understand your point. But it’s just fascinating how we humans value things.

Legion XXI 6mo ago

Not quite — it’s more like a hotel that keeps getting more popular. Every so often, it adds a new floor, but no one’s allowed to stay on the old floors anymore. All the guests have to cram into the newest floor — it’s strictly penthouse living, 10 minutes at a time.

ede3d957... 6mo ago

Capped Bitcoin blocksizes are inverse Monero tail emission. One tends to infinity over time capped at a consrant rate. The other tends to 0 over time also limited to a fixed amount.

Never thought about it this way. It's a beauty.