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400 sats \ 0 replies \ @Majjin 8 May 2023 \ on: Network congestion will turn out to be good for bitcoin adoption bitcoin
I don't think that will be the case. In fact, it may hurt adoption.
We want people to own their own keys. However a congested network makes transacting with your own keys more expensive. Opening a lightning channel or simply transacting for 80,000 to 100,000 sats is a steep price to pay. This will push people towards custodial solutions. The congestion hurts one of the main use cases of Bitcoin which is being your own bank.