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If bitcoin transactions cheap, people complain.
If bitcoin transactions expensive, people complain.
WTF DO U WANT
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some middle-ground. Certain things are U-shaped
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In my opinion it's not that simple
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that's exactly what "U-shaped" observation is addressing.
lineal/binary is simpler than U-shaped relationships
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I was browsing Twitter and it was... all the usual takes.
Plus a lot of twitter-drama and criticism of the miners which is important.
However this issue wasn't really 'addressed'. If transactions are "too expensive" like the big blockers say... why pay 3.50$ for a cat postcard? Clearly they don't care.
And if they're too cheap/low on-chain usage... is that because of Lightning channels being opened? I doubt it.
So there are just that few actual Bitcoin transactions?