submitted by /u/decentralife_ [link] [comments] |
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
Friday, 31 May 2019
Refuting the "low median tx value" shill narrative: An asian company named "BLITZ" is using BCH Blockchain to store massive amounts of price ticker data, therefore huge part of BCH transactions are tiny.
Why are they doing it? Because Bitcoin Cash Blockchain is the only Blockchain that is cheap and usable enough.
Also the BCH community is not going to call legitimate, fee-paying transactions "spam" like BTC or LTC communities.
[link] [comments]
source https://www.reddit.com/r/btc/comments/buvnkn/refuting_the_low_median_tx_value_shill_narrative/
Francis Pouliot: "I think $100,000 transaction fee is not impossible in a far distant future. It is also not unreasonable to believe that over 50% of all world electricity will be used to mine those transactions. Those transactions may trustlessly secure 100,000,000$ payments for 100,000 people."
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