LynAlden on Nostr: It’s amusing that whenever on-chain fees have even a modest spike, people ...

It’s amusing that whenever on-chain fees have even a modest spike, people immediately freak out about the design state of BTC/LN.

It’s like, we go through one period of “fees are too low, bitcoin will become insecure, these are rookie numbers, we need to pump those numbers up with altcoins on Bitcoin” and then we skip any sense of middle ground, and go right to “omg with even several dollar equivalents of fees the LN is terrible and we should do this soft fork”.

In the future, assuming overall network adoption continues to grow, I expect fees to be higher on a more sustained basis, and so people will be less caught off guard in terms of how they are using the protocol. It’s that rapid transition from low fees to high fees that seems to catch so many people off guard.