Replying to Avatar shortwavesurfer2009

FCMP will roughly double the size of transactions, which would roughly double the current fees. So, if we doubled the current fees right now, then after FCMP is implemented, fees would be about four times what they are now.

So your standard transaction might go from 1 US cent to 2 US cents right now, and then after FCMP comes on, it would go to 4 US cents per transaction.
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ede3d957... 5mo ago

No need to rush anything. Qubic attack will fade away in a couple of days. The only thing that matters is getting rid of price suppression in CEX, which will increase hashrate proportionally.

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shortwavesurfer2009 5mo ago

Retoswap helps with that

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ede3d957... 5mo ago

Retoswap is a midterm bandaid.

They'll fade out cash and what is left is a highly KYC'ed trade part that AI will help to map.

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shortwavesurfer2009 5mo ago

Well by then we better have the circular economy going where you get paid for your work directly in Monero and pay your bills directly in Monero.

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Crypto Is Cash - Bitcoin for Small Businesses & Their Customers 4mo ago

Magic 8 Ball says, "Outlook Not So Good".

Cash is disappearing faster than we can say "the New World Order is near maturity"

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shortwavesurfer2009 5mo ago

Also, increasing the fees would not be the fix for the short term issue. It would incentivize miners more over the long term, because I've heard a lot of people say that it's not really economical to mine, and that they are just doing it out of the goodness of their hearts.

Increasing transaction fees would incentivize miners more while not messing with the economic model like changing the tail emission would, which I would not support at all.