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Date: Mon, 9 Aug 2021 12:25:50 +0200 (CEST)
From: Prayank <prayank@tutanota.de>
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Subject: Re: [bitcoin-dev] Removing the Dust Limit
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>=C2=A0As feerates have gone up over time, and as we expect them to go up f=
urther, we should be considering drastically increasing the 3 sat/vByte bas=
is to something more like 20 sat/vB.
I have no opinion on changing or removing dust limit. However, fee rates ar=
e not going up. Yes, we expect them to go up and miners revenue from fees a=
s well. Although, fees/day (in terms of BTC) has been decreasing in each cy=
cle. Fee rates have been ranging between 1 sat/vByte to 200-300 sat/vByte, =
regularly reset to 1-5 sat/vByte and very low since long time now except wh=
en hash rate went down.
Fees per MB since 2016: https://i.imgur.com/XEkkf99.png=C2=A0
Highest in this cycle on April 19 2021: 2.5 BTC
Highest in previous cycle on December 18 2017: 10 BTC
It stays low all the time except few days in each cycle.
--=20
Prayank
=C2=A0
A3B1 E430 2298 178F
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Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<html>
<head>
<meta http-equiv=3D"content-type" content=3D"text/html; charset=3DUTF-8=
">
</head>
<body>
<div>> <span style=3D"color: rgb(48, 48, 48); font-style: normal; f=
ont-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;=
letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; t=
ext-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -we=
bkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-dec=
oration-thickness: initial; text-decoration-style: initial; text-decoration=
-color: initial; float: none; display: inline !important;"><span style=3D"f=
ont-family:-apple-system, system-ui, BlinkMacSystemFont, "Segoe UI&quo=
t;, Roboto, "Helvetica Neue", Helvetica, Arial, sans-serif, "=
;Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol=
"" class=3D""><span style=3D"font-size:16px" class=3D"">As feerates ha=
ve gone up over time, and as we expect them to go up further, we should be =
considering drastically increasing the 3 sat/vByte basis to something more =
like 20 sat/vB.</span></span></span><br></div><div dir=3D"auto"><br></div><=
div dir=3D"auto"><span style=3D"color: rgb(48, 48, 48); font-style: normal;=
font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 40=
0; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px;=
text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -=
webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-d=
ecoration-thickness: initial; text-decoration-style: initial; text-decorati=
on-color: initial; float: none; display: inline !important;"><span style=3D=
"font-family:-apple-system, system-ui, BlinkMacSystemFont, "Segoe UI&q=
uot;, Roboto, "Helvetica Neue", Helvetica, Arial, sans-serif, &qu=
ot;Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symb=
ol"" class=3D""><span style=3D"font-size:16px" class=3D"">I have no op=
inion on changing or removing dust limit. However, fee rates are not going =
up. Yes, we expect them to go up and miners revenue from fees as well. Alth=
ough, fees/day (in terms of BTC) has been decreasing in each cycle. Fee rat=
es have been ranging between 1 sat/vByte to 200-300 sat/vByte, regularly re=
set to 1-5 sat/vByte and very low since long time now except when hash rate=
went down.</span></span></span><br></div><div dir=3D"auto"><br></div><div =
dir=3D"auto"><span style=3D"color: rgb(48, 48, 48); font-style: normal; fon=
t-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; l=
etter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; tex=
t-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webk=
it-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decor=
ation-thickness: initial; text-decoration-style: initial; text-decoration-c=
olor: initial; float: none; display: inline !important;"><span style=3D"fon=
t-family:-apple-system, system-ui, BlinkMacSystemFont, "Segoe UI"=
, Roboto, "Helvetica Neue", Helvetica, Arial, sans-serif, "A=
pple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol&q=
uot;" class=3D""><span style=3D"font-size:16px" class=3D"">Fees per MB sinc=
e 2016: </span></span></span><a href=3D"https://i.imgur.com/XEkkf99.png">ht=
tps://i.imgur.com/XEkkf99.png</a> <br><br>Highest in this cycle on Apr=
il 19 2021: 2.5 BTC<br></div><div dir=3D"auto">Highest in previous cycle on=
December 18 2017: 10 BTC<br><br>It stays low all the time except few days =
in each cycle.<br></div><div><br></div><div>-- <br></div><div><div>Prayank<=
br></div><div> <br></div><div>A3B1 E430 2298 178F<br></div></div><div =
dir=3D"auto"><br></div> </body>
</html>
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