I just have to say this. The freedom to say anything without worrying that I'm going to be banned by an overzealous Reddit moderator is one of the greatest things about Memo!
At the core, Capitalism is the right to keep the fruits of your labor. Socialism is where the government takes your fruits and redistributes them, thereby removing the incentive to create or produce anything.
I realize why I enjoy reading any argument started memo. The people involved are paying to argue with each other. We really do live in an amazing world. #bchfuckyeah
memo.cash is an interesting combination of permanent and uncensored. Be mindful - this is likely a new form of long-term memory for evolution. Every other form of long term memory suffers from mutability.
Just realized that Memo is no different from BCH. It's meant to be used. The more we use it, the more it will grow. Kudos to those who built it and those who helped keep it alive.
I'd like to see the price of a single memo or any acttion on Memo down to 1 sat. Is it possible? What do we need to achieve that? Better software of protocol upgrade?
You can try that with Electron Cash: set the fee that you want and write your memo in the OP_RETURN field following the protocol.
I'd like to see the price of a single memo or any acttion on Memo down to 1 sat. Is it possible? What do we need to achieve that? Better software of protocol upgrade?
I've experimented with transaction fees below 1 sat/byte and unfortunately they are very unreliable, often staying in the mempool for hours or not getting confirmed at all.
Until the relay node operators configure their relay fee thresholds, going below 1sat/b is very unlikelty to reach miners. There is work being done to change this though, in node implemenations.