It would also reduce the blocksize and significantly reduce the transaction throughput, but blockspace demand right now is just a little less than blockspace production. So I would expect the feerates to explode again like they did in 2024 and 2017. While I’ve expected for a very long time that small payments would get priced out over time, such a move would probably make transactions very expensive immediately. What should then be the next move after that?
It would also reduce the blocksize and significantly reduce the transaction throughput, but blockspace demand right now is just a little less than blockspace production. So I would expect the feerates to explode again like they did in 2024 and 2017. While I’ve expected for a very long time that small payments would get priced out over time, such a move would probably make transactions very expensive immediately. What should then be the next move after that?