HenryCashlitt

When users observe that Bitcoin Cash (BCH) fees are lower than BTC fees as measured in USD, it is often argued that fees are more similar when measured in satoshis per byte. However, what really matters is the amount of purchasing power lost to fees. With Bitcoin Cash, the purchasing power lost to fees is significantly lower than the purchasing power lost to fees with BTC. The easiest way to ...
The art of money consists in looking not merely at the ability to run a full node on a Raspberry Pi, but looking at the economic and network effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. Consider the case where the transaction capacity of a money system is artificially constrained on the grounds that it is most e...