Bitcoin was never supposed to make people rich.
Bitcoin was supposed to me a pseudo anonymous p2p payment system with an open ledger.
Why would we price out the majority of the world from using it due to high fees?
Discussion
“Its digital gold rock”
You just suppose to HODL it and DCA forever. Never sell it.
Why would you use the hardest money ever created known to man. Bitcoin is greatest invention in the world since man discovered fire 🔥.
😂
Something like that
Why wouldn't you use it? It was created as a p2p electronic cash system after all.
You replace what you spend.
I’m being sarcastic. I like bitcoin I just think the digital gold narrative is dumb. Don’t get me wrong I used to be a gold bug and like Austrian economics.
But bitcoins true value proposition which makes it superior to gold is censorship-resistant verifiable p2p transactions.
Fix the blocksize, fix the world.
That's the nature of a free market, no? Those willing to spend the most money get to have their transactions included.
The free market always gives priority to the people with a lot of money.
And if you're not attempting to do any on-chain transactions right now, you are not pricing anyone out.
I figure these clowns who are paying $20/transaction will run out of money at some point and without a sucker to buy their NTF, they'll have no choice but to stop.
Oh, I see it is now up to $50+ for even the simplest transaction.
It's a shame lightning didn't catch on sooner. Unfortunately the non-custodial lightning software requires expert knowledge to use, so it's no wonder it hasn't caught on.
This is temporary. The ordinals fad will die out. In the meantime, plug in an ASIC 🤣
Bitcoin was always going to have higher fees. That's the nature of having scarce blockspace, assuming adoption increases over time. If people disagree with that they can go use BCash, Monero, or just use LN/Liquid
Block size scarcity is deliberately set in place for no real good reason