Replying to Avatar Robertrobert

Blocks space is extremely scarce. As time goes by and adoption increases more people/entities will transact on the base layer. Price will adjust to meet demand. Just look at past blow off tops in the cycle and you will find high fees for transactions.
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matata 1y ago

but they cooled off also, no?

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Robertrobert 1y ago

Exactly! It’s dynamic. But as time goes on the baseline cost will trend higher all else equal because demand will increase(in fits and spurts).

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matata 1y ago

when you say baseline cost, do you mean the median transaction fee?

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Robertrobert 1y ago

Higher highs and higher lows at baseline as time goes by. Just like the bitcoinprice chart.

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matata 1y ago

i need to see the data or else ill be forever ponderingđŸ˜‚