I just hate *why* the fees are where they are, not that they have gotten here. Instead, a bunch of fucking shitcoin trash is pricing out legitimate, monetary use case and payments.
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Never a dull moment.
In the other hand it forces us to think of solutions right now and not when they are actually needed. This nonsense will stop eventually. The issue will occur again though.
For how long I wonder?
Can someone explain to me both, why it’s happening from a technical standpoint and economic standpoint? I’m very much lacking in transactional knowledge.
I understand fees with be this high on main chain when more people around the world are using it but this seems sudden. And I’m curious.
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I listened to your podcast Guy, and I understand your perspective, but I’m in the camp that a valid Bitcoin transaction is a valid Bitcoin transaction. If people want to make transactions which seem silly to us non-shitcoiners, that is well within their right. And it’s probably a great net benefit for security and scaling.
Agree. We don't like people telling us that bitcoin is a waste of energy, yet we look down our noses at use cases for bitcoin we don't like? All value is subjective. It is okay not to like it. But, be careful on where this hate and fear takes you.