"What good will it do the Bitcoin people when it costs $1000 to make a transaction and there are no viable layer 2 solutions?"
I'm mainly thinking of users with small utxo's
The next 10 years will be worse for bitcoin's existence as we know it than the previous 14.
In the meantime many developers falling into the trap of spammers.
Do you understand how intelligence services subversion techniques work?
Do you realize that right now all of you reading this message are at the mercy of the intelligence services and surely act as they want? Compromised internet lines, compromised mobile devices, your microphones, your cameras... they know everything about you.
Before knowing bitcoin I dedicated my life to privacy because without privacy there is no freedom, bitcoiners ignore this world that is perhaps more important than Bitcoin itself.
It is sad to see the community fighting, it is sad to see how surely all this shit is created by intelligence services to divert attention from what is important.
Many developers are already compromised, many influencers too. The answer to everything is in yourselves.
What do you want Bitcoin for, what was Bitcoin created for, have there been any filtering techniques in Bitcoin so far?
You are all fighting for simple spam, spam is simply blocked, no argument, when there are much more important things to worry about, privacy and scaling.
What good will it do the Bitcoin people when it costs $1000 to make a transaction and there are no viable layer 2 solutions?
Doesn't anyone remember this anymore?
https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoin
Discussion
Effectively all this is transformed into dust.
Therefore:
- spam should always be avoided
Which leads us to think that it is spam.
Spam is everything that Bitcoin was not created for.
And second:
You have to create layer 2 solutions if or if, because we know that bitcoin is not scalable given the blockchain trilemma.
And therefore if Bitcoin gains in adoption we will reach the point of paying 1000 dollars for a transaction with or without spam.
This is something that worries me personally. Many people have tried to save at least small amounts (e.g. DCA)
I actually wrote something up on this a few days ago, I believe it to be an existential threat to bitcoin and a looming crisis that is closer than we realize.