When an attacker decide to spam monero react not raising the fees; so the attacker has no incentive to stop, can make an optimal use of his resources spamming. This is really a bad way to solve the high-fees-fro-txs problem, more elegant then the bcash solution, but still in the same category of effectivness. Monero fees be low unless noone can do validation is not a victory.
but its also true that the reason of fees to be low is low usage, blockspace writing policies are obliquous to this fact, they mostly would have been low even with a hard cap like the bitcoin one (even if monero txs are individually larger).
this fall in the category of argumentation "the market has decided, accept it" and my response would fall in the category "we individuals are the market, so I as individual will fight for affirming reasonable truth over this nonsense"
We just had a surge of transactions all of March where we saw it work in the wild. You should learn how dynamic blocks work. There are trade offs, but high fees with more usage isn't one of them.
https://bitinfocharts.com/comparison/monero-transactions.html#6m
there could be possible, the problem is high validation costs for more usage, and is the reason we need to cap timechain writings to avoid spam DDOS. Solution to increase the tx-per-block need to resize txs like CISA or move tx offchain like lightning, putting just more txs of same size arbitrarly redefining and suppressing market for blockspace is spamming.
unless this trick is tested we dont know how it works, effectively fees have been ever low cause low usage.
I'm a lot scheptical of this solution cause it meas validation cost become higher and higher and its basically in-built way to do cost-effective spam-attacks.
monero fees are constant low cause noone uses it.
+1 for this combo, my unix environment is a bit less raped by python scripts than how it would be with the big java fat boy.
Still sparrow and electrum are the best wallets on desktop and sparrow is today the more complete, probably the best.
I endorse sparrow to newbies and not electrum cause the controversial electrum seed and all the things that works only with advanced plugins (like seedsigner for example).
Dont be so cathegoric, Jack has demostrated to be a good actor and to understand bitcoin, And in this video says reasonable things. Companies dont care about users and they eventually will exploit their users.
But in this particular transition phase is good to have good companies making good products. Strike as today is a good company that make a good product for a lot of people, so why "fuck strike"?
machine will write all shit no humans should write, machine will read all shit no humans should read.
No surprise of academics being totally crazy about kids utilizing chatgpt for write their thesis no-one will never *and never should* read.
but you need to be aware of autovelox
so in case it wil really crash you can calculate nlog price till zero LFG new calculator gang
you are not bullish enough, you need a new calculator to compute higher numbers my friend
if you loose your phone you loose also the 20 bucks of ecash, I frankly dont see this a problem.
Thinking how recovery could work, maybe on every payment the wallet could do a self-payment-locked-to-your-id and upload it to service provider, like zeus manage backup of channel data. I think is more or less how it is intended to work a pay-to-npub with ecash stored in relays.
Ecash will change a lot and we will see how it will push the limit of magic internet money.