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You know that energy production gets cheaper over time right? And mining equipment gets more efficient. Storage space has gotten cheaper, that’s why running a Bitcoin node is still affordable today with a large blockchain. Your arrogance is very clear, you think you can predict the future but you cannot. If tx fees get too expensive, the market will provide second layer solutions. You should study Austrian economics because it makes it clear that predicting how a market economy will function is impossible. People already pay an exorbitant price for the money they currently use through inflation. They also indirectly pay fees in goods and services. Every credit card transaction has about a 3% fee. The merchant passes that fee back on to the customer. The market will humble everyone that thinks they know the future. Enjoy your shitcoin.

Saberhagen The Nameless 2y ago

Your reply started by calling Monero users clowns with an implied prediction. And I'm the arrogant one. LOL. You are very humble yourself my guy. Maybe pause and reflect.

Second layer solutions might solve it if the tx volume is high enough, but they also drain away potential tx fees from on chain. Second layers also come with their own major trade offs that strike down pillars of Bitcoin. Ecash(Custodial), Liquid(Permissioned), Lightning(Interactive), Drivechains(change mining incentives) and many many more.

Austrian economics is great, but Mises and Menger couldn't have ever predicted paradigm shifts such as crypto. It is it's own field with it's own unique dynamics. Gold doesn't stop existing if people stop mining it like Bitcoin.

People pay an exorbitant price for fiat because there was no alternative until recently. Only less worse forms of shit. And most people are unaware or ignorant.

You say it will humble everyone that thinks they know the future. Yet it's implied you know the future by being all in on Bitcoin. Applies to everyone but you?

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