Replying to Avatar Humble Bitcoiner

My 2 sats on the mempool and transaction fees:

#Bitcoin always gets criticized that the network isn’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 it’s broken 😅

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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Andrej designSats 2y ago

Problem is, you dont want people to be in trusted custodial wallets. Thats hella close to fiat.

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Humble Bitcoiner 2y ago

Disagree on that.

I don’t think majority of people want and will study how to self store it. People want an easy way because we are lazy. Look at email, …

I think that you have to separate your saving bag (on settlement layer) and your spend bag (second layer)

That’s my thought