Part 9/15:
He addressed the challenge of “effective” capacity management: should Bitcoin’s transaction fees be market-driven or regulated through predefined rules? Antonopoulos argued that relying on market forces fosters a healthy, adaptive system, where “trash” or spam transactions are naturally weeded out by miners who prioritize profitable transactions.
Speculation, Price Volatility, and Stability
Addressing the common question about Bitcoin’s future and price stability, Antonopoulos reflected on crashes like Mt. Gox and the recurring “Bitcoin is dead” headlines. Despite these, Bitcoin’s resilience is anchored in its decentralized network of nodes, miners, and users committed to its survival beyond short-term price fluctuations.