I sent 5 million transactions on the bitcoin (cash) blockchain
I sent 10.5 bitcoins cash to the creators of TxBlaster on memo.cash. My goal was to help stress test the BCH network by creating five million transactions. In so doing, I helped stress test the TxBlaster team as much as I did the BCH network. They worked very hard to fulfill my request, which looks to be nearly complete as of September 4th. Thanks for their perseverance.
If you say "Those transactions are spam," then I would say, no, I threw a url in the OP_RETURN for a bit of paid marketing, if you will. "That's not what the blockchain should be used for," says the LukeJr in you. Then we're back to that old thing, bitcoins should be used for X but not Y (If I have it right, bitcoins should not be used for on-chain gambling, advertising or coffee. But you should use them for lambos or for holding them's sake). The point is this -- and if you're reading this on yours.org then I'm not teaching you anything because you can already tip me $0.25, wink wink -- if I pay for a transaction, and a miner includes it, then it's not spam.
At the end of this experiment, I have a few predictions for the future. The first one is that with an unlimited blocksize limit, miners will still set a limit to the size of the blocks they themselves create. During the experiment it was rare to find any miner broadcasting new blocks larger than 2MB, although some did 8MB and we even saw a 23MB block. Miners could have collected more fees from September 1-4 if they wanted to, but there was not enough incentive to overcome whatever costs they faced. This leads me to the second prediction -- in the year 2021 the median fee will be at least 2 sat/byte. Worse than now, slightly better than BTC. Third prediction, some weird company is going to find a weird reason to constantly use all 32MB inside a block, and everyone's going to get mad at each other again.
tl;dr gfru.it x 5M, CSW blocked me on twitter so I'm using memo now, sell XRP