Replying to Avatar ODELL

Bitcoin transaction fees limit network abuse by making usage expensive.

There is a cost to every transaction, set by a dynamic free market based on demand.

It is an incredibly robust way to prevent spam without relying on centralized entities that can be corrupted or pressured.

https://www.discreetlog.com/utxos/

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Matt Manning 2y ago

Are you arguing that the current situation just sorts itself out over the long term due to the transaction fee free market on the network?

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Rich Nost 2y ago

We've always known that the base layer demand would inevitably lead to higher fees. We just thought we had time for the global south to get up and running on bitcoin before it happened. We thought the traditional value transfer use case would bring that load, but degens chasing monke jpegs caught us flat footed