Replying to Avatar Humble Bitcoiner

My 2 sats on the mempool and transaction fees:

#Bitcoin always gets criticized that the network isnโ€™t sustainable over the long term because of the decreasing and ending block rewards.

Yet every major industry like the internet, container ships, gold vaults, power grids,.. are funded by fees.

The moment the fees on the #Bitcoin network become higher and pushes and influx of miners to secure the network, people scream itโ€™s broken ๐Ÿ˜…

How about #Bitcoin settlement layer becomes a layer for the big monetary transactions that are willing to pay high fees for max security. And second layer solutions are for day to day transactions.

Imo this event is good as it pushes development to second layer solutions like #Lightning

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BigFish 2y ago

Agree ๐Ÿ‘

Higher fees makes development of scaling solutions and/or other block space efficiency improvements more attractive.

Will be needed anyways if we want to achieve real mass adoption.

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