I think there’s a flaw in your argument. If the transaction fee goes up, more miners enter the picture, pushing the transaction fee back down while inherently increasing decentralization. It’s a self balancing ecosystem. That’s the genius.

Reply to this note

Please Login to reply.

Discussion

That only applies assuming the usage never changes.

The genius is in the permissionless nature - which also means you can't stop people from creating new ideas like ordinals/brcs/whatever that materially affect everyone using the chain.

There's a greater than zero chance that eventually we live in a world where fees are permanently high - which could also wreak havoc on the lightning network.