I'm not sure you understand what prices are.

Actually, I'm sure you don't understand what prices are

Well I don't think it will die at all.

I think you think there's a "fee pressure problem" because you don't understand the difficulty adjustment or the dynamic nature of markets or the inherently ever-changing nature of existence given the passage of time.

I think you want to "ensure the long term viability of Bitcoin mining" by turning Bitcoin into Ethereum when there's actually no issue with the long term viability of miners in the first place.

You didn't understand the analogy at all.

within the context of the analogy, you just said you don't care why people go to church, the important thing is that they go.

Well in that case, put a pole by the altar and strobelights in place of the chandelier and fuck it, replace the organs with speakers.

But now you just have a strip club dude.

There are already plenty of those.

Churches are for prayer. If people aren't praying, let the church close.

Bitcoin is for transacting. If people aren't transacting, let it die.

Seriously. Let it die man.

I don't think you have any idea what I mean.

You're trying to "save" Bitcoin in case people don't want to use it enough for it to survive.

That's silly.

If not enough people use it, it will die from lack of usage.

If you succeed in trying to save it from lack of usage, it will die by becoming something else.

If this is a problem, you can't fix it, and will in fact make it worse by trying.

If it is not a problem (it's not a problem), then leave it alone.

If people don't want to use it, let it die. Churches are for prayer. Go to the strip club down the street. Bitcoin is for money. Go to ethereum.

I can go to 600 churches and less than half the seats are filled with people praying.

For all the drama about declining religiosity, there aren't a lot of people praying.

Ironically, strip club attendees seem more willing to attend strip clubs and spend money than church goes are to attend church and give to the parish.

Should we put stripper poles and strobelights by the crucifix?

I doubt it. I have no intention of changing the block size on my node and I suspect most node runners feel the same way.

It ain't broke, stop tryna fix it

The transaction fee is too low right now. For some. So they don't mine. It's high enough for others. So they do. This will always be the case because of the difficulty adjustment.

Those for whom it's worth it to mine will mine. Those for whom it's not, won't.

If enough people find it's not, difficulty goes down, making it worth it for more. If too many find it worth it, difficulty goes up, making it worth it for less.

Both scenarios are fine, I don't understand why people think this needs to be 'managed' somehow, it's fine.

They already tried that and failed catastrophically.

But yea, give it a shot. The more attacks on Bitcoin, especially this early, the better

Then how can you simply assert that Bitcoin is "anaemic"?

As though this were some kind of objective fact

Bitcoin fees may be too low for your liking, which is fine. Don't mine it.

They're high enough for other to mine it. Which is fine. They'll continue to mine.

The fees are not "too high" or "too low" in any absolute sense.

They're too low for some miners, and high enough for others. They're too high for some transactors, and low enough for others. This is how it always is, has been, and will be. It's called a marketplace. Prices vary. People make decisions based on those prices. Anyone who thinks the price is incorrect hasn't understood what prices are and how they work and what they're doing and why.

It won't be an issue. You just haven't fully understood the ramifications of the difficulty adjustment

You guys are yearning for the word "Marginal"

Every dollar invested in the us stock market is a dollar NOT invested in the European one.

This is functionally the same thing.

Europeans sending productive capital to USA instead of their own companies at home.

In practical terms it means that a US business may survive that would otherwise have failed, and an European company might fail that would have otherwise survived.

In economic terms, it doesn't really matter if any actual physical business physically moves.

It matters where resources are being allocated, as this means they are not being allocated elsewhere.

This is like the CPI tho

It shows the dominance of the usd within the swift system

But it doesn't show what's happening outside of it

It may be the same picture

But more data is needed before an assessment can be made

When you say other currencies "play virtually no role in international business" you should replace "international business" with "the swift system". That would be more accurate given the available information.

Ya feel me?

I've been to/called a bunch of these places in my city to go use Bitcoin and every single one turned out not to accept Bitcoin, the people didn't even know wtf I was talking about when I asked and I looked like an idiot, this site needs to get it's shit together

The blue whale is bigger than the Megalodon. It's the biggest animal of all, past or present, no exceptions.

I really appreciate lil Bitcoin parafernalia. Nothing expensive, some blank seed phrase cards, branded pens, stickers things like that

Last one I went to there was a draw for a modified S9 miner/room heater. Could do this with some other Bitcoin product, an inexpensive hardware wallet or something if you want to bring down costs, or even just straight up Sats, Bitcoiners love sats hahaha. Nothing to break the bank(lol) just whatever you're willing to part with.

A venue that takes Bitcoin, or at least wait staff that take Bitcoin tips was a big winner for me too.

A lil area for local Bitcoiners to sell or advertise their Bitcoin-related wares if possible, books, shirts, bitcoin-themed baked goods, things like that. Make sure to keep this one Bitcoin only. It can get super messy if not. No fiat, no shitcoins.

I'd also look into seating arrangement.. arrangements? Every meetup I've been to has had awkwardly placed tables and chairs that make it difficult to have a conversation with anyone other than the person directly next to you. It's nice to sit and have a beer in bigger groups, especially for a meetup where the whole point is to meet new people.

Not too loud music, Bitcoiners tend to love to talk about Bitcoin, don't want to be yelling the whole time and struggling to hear eachother. A - "not your keys" B- "nacho cheese?" Calls the waiter over

Charismatic speakers if any. This is a massive one for me, could just be me tho. I really don't want to hear you studder and fumble up there for 15 minutes about profitability indicators and hash price if I can't understand 20% f the words coming out your mouth. Stops the event dead in its tracks for me, brings the atmosphere down.

As someone who's never been anywhere near the planning or execution of any Bitcoin meetups, but has attended a few, this is all I can think of. Reading back thru it it's more than I expected actually haha. Hope it helps!

Honestly the liquidity thing is the main benefit I see with ecash, it's pretty great, but I don't think the tradeoffs are worth it. I think there are already better solutions in the works that address the liquidity and on chain footprint concerns that don't bring in a risk of debasement.

I think the ecash crowd, whom I admire greatly, hasn't really understood the full importance of the debasement issue. If there is a chance of debasement, no matter how small, to my mind, it becomes an inevitability. This tradeoff for me is categorically unacceptable under any circumstances regardless of the benefits. It's just too important and too big of a temptation for any person or federation in the long run. The idea is to make Bitcoin the final money, the last one. That means taking into account the next thousand years, not just the next hundred.

I hope the ecash people continue on their path tho. This is an avenue well worth exploring and who knows...

Anyways, loves your post man, thanks

I've started to think that Chaumian e-cash was a marvelous improvement over the shit rails that fiat had when the digital age dawned, and failed because of the permissioned nature of fiat. It would have made fiat way better for a digital world.

It can be implemented on Bitcoin beautifully because of its permissionless nature, but the benefits seem lost on a money that is already freely programable, natively digital and which has other technologies that make it fast cheap and efficient already on top of it.

I mean, what the hell do I know haha smarter people than I seem to think it's the holy grail of Bitcoin tech but idk.. I don't see it

I mean.. as long as you're "dreaming of a world where...", I don't see why a self custodial, fully debasement-proof dream is any less valid than any other dream.

I think most of the things we basically take for granted about Bitcoin as it is today were absurd pipe dreams prior to the white paper. The Byzantine generals problem was thought to be unsolvable. The idea of separating money from state didn't even exist in anyone's mind.

If you're dreaming, dream big man.