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1428 sats \ 0 replies \ @anon 28 Dec 2023 \ on: Bitcoin fees, a worrying trend bitcoin
Everyone should take a deep breath and think through next steps and not make "foot-gun" style panic mistakes. It's perfectly valid to be concerned and discuss accordingly. However it is normal for any technology or business to hit major growing pains that force innovation, and that innovation takes time. When living through that time it feels like forever, but once past it feels like a blip. What everyone remembers as the iPhone was actually the third iteration. No one remembers or cares about how bad the first two were since then they became amazing. All businesses or technologies today that seem amazing started out very clunky and imperfect. Unfortunately great tools only emerge from actual real world immediate need that people are willing to pay for, and not potential future need. This is a human reality no one cares to admit. We focus on the problems we actually have and deal with them as they emerge.
Be concerned, research what works best for you, debate the best solutions, but just don't hit the panic button. Bitcoin is not a panacea or perfect. It's just the best store of value and money ever created by man and it is rapidly improving. There will always be tradeoffs and constraints with Bitcoin or any other technology or tool.
In 2-3 years we will likely have Fedimints, ARK, widespread ecash in many forms such as Cashu, and things we likely can't even imagine. It'll be awesome, but we'll face plenty of bumps getting there.