I'm really worried what will happen once the next wave of adoption comes in... Gonna be a financial bloodbath.
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I'm really worried what will happen once the next wave of adoption comes in... Gonna be a financial bloodbath.
Transactions will move to other layers.
So what? That could take years-and-years before it functions properly!
You didn’t mention a timeline in your post. 🤷♂️
For now to defer paying main chain fees I’m using Lightning and Liquid to stack and have set alerts for low mempool pressure, where I’ll migrate to cold storage and consolidate UTXOs.
That's because unlike company script they call crypto, we don't have a company we can consult for when development of certain innovations will be finished. If we get CTV, (and again we can't know if we will get CTV because Bitcoin is not a fucking company), I will personally be asking around to see if anyone understands John Law's paper on timeout trees well enough to write a spec at the very least for it, just as an example.
Exactly. Lightning still has a lot of holes and a ton more channels and nodes are needed. "Payment in transition" isn't going to cut it when someone can use Google pay and it works flawlessly and instantly.
Finally, someone else gets what I've been saying all along. Why would anyone want to use Bitcoin (especially given the vast majority of people don't care about being anonymous) to transact/pay someone for any price at all, let alone a significant price when they can do the same thing with no fee to transact with other methods. This is why Bitcoin will never be the way the majority of people pay/transact for.goods and services. This is what you guys don't get. Remember, people are naturally greedy. Even having to pay a fee of a penny would push people away if therws a method they can use thats free.
"Banking the unbanked", they say, but only those who can afford to.
Exactly. This was not satoshi's vision at all..
There we go again with the whiny fud. Fees were higher in the past and went down again.
It's no FUD, my man, it's a fact that the fees are way too high.
Yes, Ordinals, but what are we gonna do about it? Hard fork them away?
You don't get it. Read my comment above pls.
If fees were low you'd whine about miners going bankrupt.
Yeah, I stopped a transfer of 250k because of that.
Yeah, decided to move in now while it's @38k € again...