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
Discussion
Why is block space considered scarce, when it’s actually infinite?
Scarce like time
its clearly not infinite, it is capped, intentionally
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.
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.
I think we all underestimated how much lightning and ETFs would lead to empty blocks.
Tail emission is basically fine if implemented from the start, but I don't see how it can be introduced to bitcoin post genesis.