Transaction fees

in blurt •  2 years ago 

I remain of the opinion that transaction fees should be further increased by witnesses. I do not control this mechanism, I do not want to control this mechanism, and I do wish to express my opinion on the matter.

This post should cost 10+ blurt.

It cost .5ish blurt.

Thank you.

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  ·  2 years ago  ·   (edited)

It would be good if you and Ricardo could have a meeting to discuss the future of Blurt…. If the Foundation and Team of developers and those paying for all the servers or whatever is required to run a Blockchain are dissolved how does Blurt operate ? Rather than burning fees maybe these increased fees could help pay for everything ? Would they need to be increased more ? Can Blurt run in a system of anarchy where nobody is in control ? Nobody pays for anything ? Maybe humans are not required ?

  ·  2 years ago  ·   (edited)

It is possible that the transaction fees are not being burned and that they're being put into some foundation controlled account and if that's the case, and please keep in mind I am not sure that it's the case because I work on too many freaking chains, we will make a software upgrade that causes them to be burned, ASAP additionally, as one of the individuals behind the so-called foundation which does not actually exist, I would see to it that any fees earned in the interim are burned.

  ·  2 years ago  ·   (edited)

Can everything be automomized ? Maybe rather than burning fees a robot could take the Blurt and send them to pay for image servers, developers etc ? Do we need any of these things ? Maybe everything is Free ?

  ·  2 years ago  ·   (edited)

I thought the fees have always been burned for a long time?
Please, where are the fees accumulating at the moment?

I think they're burned. I'm not sure. Wide code base.

  ·  2 years ago  ·  

Burned yes

  ·  2 years ago  ·  

What happens with these Transaction fees ? Are they burned or could they be used to pay for everything ?

I prefer that they're burned.