Not damaging, if LN keeps expanding.
Daniel suggests a nation state could buy enough bitcoin to price out all legit use of the network for a month or 20 by just pegging the fees above $100/tx.
https://twitter.com/csuwildcat/status/1655399304268218369
How realistic or damaging is that? What would happen?
So miners would be happy and expand their capacities for sure but would the price crash? Would adoption drop?
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