this post was submitted on 25 Aug 2023
2 points (75.0% liked)
Monero
1671 readers
13 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This makes some sense to me as more of a feeling without digging up enough data to confirm the suspicion, but I'd love others with more expertise to chime in.
Isn't part of the price>miners>hash>confirmation feedback loop you're suggesting typically accompanied by corresponding upticks or downticks in interest, use and transaction volume as well?
Plus, I thought the dynamic block size and dynamic fees usually helped smooth this out and keep the confirmation times within a relatively predictable range of upper and lower bounds.