I'm really worried what will happen once the next wave of adoption comes in... Gonna be a financial bloodbath.
563 sats \ 4 replies \ @Anonomoto 29 Dec 2023
Transactions will move to other layers.
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0 sats \ 3 replies \ @Fabs OP 29 Dec 2023
So what? That could take years-and-years before it functions properly!
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0 sats \ 1 reply \ @Anonomoto 29 Dec 2023
You didn’t mention a timeline in your post. 🤷♂️
For now to defer paying main chain fees I’m using Lightning and Liquid to stack and have set alerts for low mempool pressure, where I’ll migrate to cold storage and consolidate UTXOs.
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0 sats \ 0 replies \ @nerd2ninja 30 Dec 2023
That's because unlike company script they call crypto, we don't have a company we can consult for when development of certain innovations will be finished. If we get CTV, (and again we can't know if we will get CTV because Bitcoin is not a fucking company), I will personally be asking around to see if anyone understands John Law's paper on timeout trees well enough to write a spec at the very least for it, just as an example.
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0 sats \ 0 replies \ @AJ1992 29 Dec 2023
Exactly. Lightning still has a lot of holes and a ton more channels and nodes are needed. "Payment in transition" isn't going to cut it when someone can use Google pay and it works flawlessly and instantly.
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0 sats \ 2 replies \ @AJ1992 29 Dec 2023
Finally, someone else gets what I've been saying all along. Why would anyone want to use Bitcoin (especially given the vast majority of people don't care about being anonymous) to transact/pay someone for any price at all, let alone a significant price when they can do the same thing with no fee to transact with other methods. This is why Bitcoin will never be the way the majority of people pay/transact for.goods and services. This is what you guys don't get. Remember, people are naturally greedy. Even having to pay a fee of a penny would push people away if therws a method they can use thats free.
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0 sats \ 1 reply \ @Fabs OP 29 Dec 2023
"Banking the unbanked", they say, but only those who can afford to.
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0 sats \ 0 replies \ @AJ1992 29 Dec 2023
Exactly. This was not satoshi's vision at all..
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0 sats \ 3 replies \ @harrr 29 Dec 2023
There we go again with the whiny fud. Fees were higher in the past and went down again.
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0 sats \ 0 replies \ @Fabs OP 29 Dec 2023
It's no FUD, my man, it's a fact that the fees are way too high.
Yes, Ordinals, but what are we gonna do about it? Hard fork them away?
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0 sats \ 1 reply \ @AJ1992 29 Dec 2023
You don't get it. Read my comment above pls.
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226 sats \ 0 replies \ @harrr 29 Dec 2023
If fees were low you'd whine about miners going bankrupt.
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0 sats \ 1 reply \ @TNStacker 29 Dec 2023
Yeah, I stopped a transfer of 250k because of that.
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10 sats \ 0 replies \ @Fabs OP 29 Dec 2023
Yeah, decided to move in now while it's @38k € again...
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