Read_730 - High Fees? Bitcoin is Working as Designed [Matt Odell]

May 10, 2023 00:34:15
Read_730 - High Fees? Bitcoin is Working as Designed [Matt Odell]
Bitcoin Audible
Read_730 - High Fees? Bitcoin is Working as Designed [Matt Odell]

May 10 2023 | 00:34:15

/

Hosted By

Guy Swann

Show Notes

"Bitcoin transaction fees limit network abuse by making usage expensive. There is a cost to every transaction, set by a dynamic free market based on demand." — Matt Odell Is Bitcoin broken, are the high fees the end of Bitcoin as money? Are the fees themselves even the problem? How does this relate to not wanting people to be pooping in the park? Today we dive into a short, but solid post by Matt Odell to make sense of what is going on with fees, and then a Guy's Take to clear up some previous discussions, and make sure we understand the difference between the censorship and engineering concerns around the Bitcoin system and its secure operation. Let's dive in... Check out the original at: https://www.discreetlog.com/high-fees/ Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets! Don't forget to check out our amazing sponsors: • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------ "People need to agree enough to be able to trade but also disagree enough to be willing to trade." — Allen Farrington & Sacha Meyers, Bitcoin is Venice Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

July 01, 2022 00:29:21
Episode Cover

Read_633 - The Utility of Saving [Pierre Rochard]

"People hold money to hedge against future uncertainty. This is why it is so crucial for a monetary system to optimize for minimizing its...

Listen

Episode

January 29, 2021 01:05:10
Episode Cover

Guy's Take #41 - Gamestop is the Battle, Bitcoin is the War

Curious to know what the recent clown show of GameStop and r/WallStreetBets was all about? Well we get into it in today's rant about...

Listen

Episode

August 12, 2021 02:07:28
Episode Cover

Read_550 - Bitcoin's Energy Use isn't a Problem, Here's Why [Lyn Alden]

"And it’s easier to sensa­tion­alize things for pageviews or polit­ical gain. For example, it’s commonly said that the Bitcoin network uses more energy than...

Listen