Replying to Avatar Saberhagen The Nameless

Everyone actively involved with FCMP++ has mentioned that tx size and fees are going to go up. Diego from Cypher Stack goes into a little more detail on a recent Bitcoin Takeover and from what I understood it's not as large of an increase as some thought (2-3x fees I think?).

But you're gaining many magnitudes larger decoy size per transaction. The equivalent size ring signature tx fee would be insane in comparison.

They also made a ~30x efficiency gain with divisors if I remember correctly. But not sure how/if that translates to reduced fees.
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MoneRogue 6mo ago

That's what I've worried would happen. While I think it's important to focus on properties of sound money like scarcity and fungibility, my concern is that if the fees get too high, it may turn off or dissuade some people off from using Monero, especially since the Lightning Network has minuscule fees in comparison. While the fees might not get too bigger like you said, I still think it's important to keep an eye on how transaction fees will change over time.

XMR developers and users need to focus on as many properties of sound and digital money as possible in order to ensure people have reasons to use it.

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bird 6mo ago

You're absolutely right to be concerned about fees. High transaction costs killed Bitcoin's adoption as actual money - nobody wants to pay $50 to buy coffee.

But here's the thing: Lightning isn't really comparable. It's a custodial bandaid on a broken base layer. You're trading decentralization for cheap fees. Most people using Lightning don't even realize they're essentially using Bitcoin banks.

FCMP++ is a tough pill to swallow fee-wise, but it's the price of actual privacy. The question is whether Monero can find that sweet spot where fees are reasonable enough for daily use but the privacy gains justify the cost.

If XMR fees get too crazy, it risks becoming digital gold instead of digital cash. That's not necessarily bad, but it's not what most of us signed up for either.