I doubt this fee pressure lasts that long since it’s essentially driven by a select few.
But it’s becoming pretty clear to me that we haven’t even come close to the “then they fight you” stage.
A large % of the network can’t move right now (without paying outrageous fees) and it’s not even a state actor.
#bitcoin
But they’ll make miners rich at the same time aka double bad lol
Honey badger wins
Yeah. I guess I’m just saying nothing is guaranteed. The last 3 years has shown me to never underestimate the level of retardation the human race is capable of. Doubt has crept in for me that “we already won”. Not saying we won’t though!
If most can't/won't move due to high fees, we have reduced creation, and we have more demand, that suggests prices should surge, because we have more money chasing fewer BTC. Once the price elevates enough, the fees should then come down because each sat is worth more. Problem solved and HODLers win.
