People are currently moving huge sums (6 figures+) for a few dollars. At some point in the future it's possible that a single transaction could cost a lot to move, but I think there are a lot of factors. Nothing really to be concerned about as it will be sorted out and L2/L3 are all part of the natural progression in a monetary system.
People wondered how the internet would scale, they figured it out. People love to solve problems and make things more productive, so I'm sure we'll figure it out. 🙂
Small transactions are one thing, but when it's large sums of money, Bitcoin is faster, cheaper and safer and that's not going to change.
Currently, any transaction can be sent for far less than $25, so I'm not sure the comparison makes sense, but I get what you're going for.
Also, the latest super high fees were only because of people making high free transactions on purpose. Partly based on how the transactions were constructed, from what I understand. They could have paid a lot less, but they wanted the extra noise.
mIX
npub1sl…enwpw
2024-03-22 06:19:10
in reply to nevent1q…6kyh
Author Public Key
npub1sl5chdns2f75gdum6uaxeys2l6c322tupsr9pnqcyyur3rtxzm6q5enwpwPublished at
2024-03-22 06:19:10Event JSON
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"content": "People are currently moving huge sums (6 figures+) for a few dollars. At some point in the future it's possible that a single transaction could cost a lot to move, but I think there are a lot of factors. Nothing really to be concerned about as it will be sorted out and L2/L3 are all part of the natural progression in a monetary system.\n\nPeople wondered how the internet would scale, they figured it out. People love to solve problems and make things more productive, so I'm sure we'll figure it out. 🙂\n\nSmall transactions are one thing, but when it's large sums of money, Bitcoin is faster, cheaper and safer and that's not going to change.\n\nCurrently, any transaction can be sent for far less than $25, so I'm not sure the comparison makes sense, but I get what you're going for.\n\nAlso, the latest super high fees were only because of people making high free transactions on purpose. Partly based on how the transactions were constructed, from what I understand. They could have paid a lot less, but they wanted the extra noise.",
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