From: Mike Hearn <mike@plan99•net>
To: Alex Kotenko <alexykot@gmail•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Instant / contactless payments
Date: Thu, 6 Mar 2014 18:03:27 +0100 [thread overview]
Message-ID: <CANEZrP1Rwk6BnY79+RWontgK7Q1AFu3B191uJ1d80xAhaG1AgA@mail.gmail.com> (raw)
In-Reply-To: <CALDj+BZE1KtMGpMH3UHtxjN2vXxu39o_hAWPdg==KLsWpe1zqA@mail.gmail.com>
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Thanks Alex!
About the video - I'm curious how your device is better than just a regular
tablet. Could you give us the elevator pitch? :)
On Thu, Mar 6, 2014 at 3:39 PM, Alex Kotenko <alexykot@gmail•com> wrote:
> I mean - if with Bitcoin v0.9 transaction fees will become really
> floating, and it should eventually reach equilibrium that will reflect some
> real world value. Probably a tiny value, but probably also rather stable
> value. So confirmationless payment cap may be defined as
> <current_average_transaction_fee>x10000.
>
I guess fees will wander up and down depending on system load rather than
real world value - but maybe you're right. That said, all wallets sync
exchange rates automatically already.
In some Star Trek future, perhaps we would want Bitcoin to be independent
of other value units. But I'm not convinced such a world will ever exist.
Arguably, a stable currency would slowly become worth more over time in
line with economic growth. But then for stable prices you would need
something like a fake currency that was "backed by" (really: represented
by) a basket of goods. Otherwise over time your rent would go up in real
terms, for good real reason.
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next prev parent reply other threads:[~2014-03-06 17:03 UTC|newest]
Thread overview: 34+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-03-06 9:45 Mike Hearn
2014-03-06 11:26 ` Andreas Schildbach
2014-03-06 13:44 ` Mike Hearn
2014-03-06 14:51 ` Andreas Schildbach
2014-03-06 16:55 ` [Bitcoin-development] Instant / contactless payments, IsoDep Andreas Schildbach
2014-03-06 17:00 ` Mike Hearn
2014-03-07 8:45 ` Andreas Schildbach
2014-03-07 9:26 ` [Bitcoin-development] Instant / contactless payments Johannes Zweng
2014-03-07 10:00 ` Mike Hearn
2014-03-07 10:23 ` Andreas Schildbach
2014-03-07 11:01 ` Mike Hearn
2014-03-07 12:00 ` Johannes Zweng
2014-03-06 14:20 ` Brooks Boyd
2014-03-06 17:07 ` Mike Hearn
2014-03-06 18:08 ` Brooks Boyd
2014-03-06 18:12 ` Mike Hearn
2014-03-06 18:20 ` Brooks Boyd
2014-03-06 18:24 ` Mike Hearn
2014-03-07 18:07 ` Joel Kaartinen
2014-03-06 14:39 ` Alex Kotenko
2014-03-06 16:46 ` Andreas Schildbach
2014-03-06 16:52 ` Mike Hearn
2014-03-06 18:03 ` Alex Kotenko
2014-03-07 8:59 ` Andreas Schildbach
2014-03-06 17:03 ` Mike Hearn [this message]
2014-03-06 18:49 ` Alex Kotenko
2014-03-08 8:52 ` Jan Vornberger
2014-03-10 15:09 ` Alex Kotenko
2014-03-10 19:28 ` Andreas Schildbach
2014-03-10 19:47 ` Alex Kotenko
2014-03-07 19:08 ` Troy Benjegerdes
2014-03-10 16:04 ` Mike Hearn
2014-03-10 16:14 ` Jean-Paul Kogelman
2014-03-10 16:27 ` Alex Kotenko
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