Nick Szabo  🔑

@mikeland86 @mmeijeri @petertoddbtc cf. trying to even out postal traffic by changing what a stamp cost every day : not worth it.

@mikeland86 @mmeijeri @petertoddbtc Fee only good for reducing long-term average congestion, not for adapting to spikes.

@NickSzabo4 @mmeijeri @petertoddbtc Agreed. In long term wallets will have to move to settlement/lightning/off-chain with fixed or no fees

@mikeland86 @NickSzabo4 @mmeijeri Insisting that Bitcoin itself be fixed fee is like arguing electricity be flat rate for user acceptance.

@mikeland86 @NickSzabo4 @mmeijeri The tech just doesn't work that way; building better tech better than surprising users with bad models.

@petertoddbtc @NickSzabo4 @mmeijeri tech vs UX. Fee models will change, see: dialup/home cable/cell data pricing -> per minute/speed/MB

@petertoddbtc @NickSzabo4 @mmeijeri Point is not surprise users/be consistent. Electricity price does not usually fluctuate month to month

@mikeland86 @NickSzabo4 @mmeijeri Only because market is stable; gasoline price fluctuates constantly. Again, tech realities trump UX.