Oddbean new post about login | logout Very irritating how people seem to be handwaving this concern. Economic weight matters, especially if fees go out of control
I understand economic weight, but why high fees make it worse?
The ETFs will increase demand for block space. If fees go up before Bitcoin scales sufficiently enough for plebs to use daily, these large asset managers will be the only ones who can afford to transact on the base layer. While Lightning is a step in the right direction, it isn't enough. We need more L2s