#Bitcoin
Bitcoin Halving Spam Attack
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Replies (15)
"It's wiping out your small utxos" this simply isn't true and you know it. This isn't helpful to people new to the space. Attack also hyperbolic. If we're still in this position a month from now let's have a debate, until then it's noise.
How are you going to move a $100 utxo if fees are $100?
Is there a reason that you don't talk about the viability of liquid network?
If this didn’t stop and a nation state just printed cash to attack Bitcoin, wouldn’t that just send that nation into hyperinflation very quickly and just increase the value of Bitcoin relative to that currency?
Very simple. Wait until fees aren't $100. Nothing has happened to the utxo.
Gotcha. Its not a functionality question. Its true that if fees go back down, smaller utxos will be usable. It is also true that they are unusable during high fee envirnonments. Its an odd point to be a stickler about.
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He said wiped out which implies a permanent loss, factually untrue and scary to newbies
Well, if you assume fees won't go back down, then they are permanently unuseable and as good as dust. Newbies should be horrified of the reality of that eventual reality. Whats better, fear which results into action or coddling that results in passiveness? One rejects bitcoin by choice, the other feels scammed
You shouldn't have a $100 UTXO it you've been managing your wallet properly.
If you assume there will be no gravity, we should all wear gravity boots now. Taking inappropriate action when you shouldn't is just as dangerous as taking no action when you should.
Correct
If youre willing to strawman, then clearly the point has been made and the remainder is simply pride.
I am highlighting your premise starts with a highly improbable assumption. That is not a bases to take immediate action on considering that action also has unintended consequences.
Thanks for the explanation.
Any update for XRP SEC fight?