Is this preventing people from getting out of fiat? I believe it does.
Discussion
it’s literally the opposite. droves of crypto people are learning to use Bitcoin for the first time.
Exactly, remember nothing hurts ₿itcoin. The monetary singularity is functioning precisely as designed. Incentives matter. Greed is being harnessed and redirected. Education is happening as a byproduct. Game theory is at work. It’s beautiful.
We’re in it now, so we’ll see. I can also see it preventing people who haven’t bought crypto or bitcoin ever from being deterred and using alt solutions / not getting on.
Sure, but there is always a fee. We’re facing an existing tradeoff „sooner“ than some hoped, altho important to point out high fees have occurred dozens of times over the years. I hope it spurs people to take their self custody seriously while they can afford it, and to hasten engineering on LN and other solutions :)
