"What good will it do the Bitcoin people when it costs $1000 to make a transaction and there are no viable layer 2 solutions?"
I'm mainly thinking of users with small utxo's
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Replies (3)
Effectively all this is transformed into dust.
Therefore:
- spam should always be avoided
Which leads us to think that it is spam.
Spam is everything that Bitcoin was not created for.
And second:
You have to create layer 2 solutions if or if, because we know that bitcoin is not scalable given the blockchain trilemma.
And therefore if Bitcoin gains in adoption we will reach the point of paying 1000 dollars for a transaction with or without spam.
This is something that worries me personally. Many people have tried to save at least small amounts (e.g. DCA)
I actually wrote something up on this a few days ago, I believe it to be an existential threat to bitcoin and a looming crisis that is closer than we realize.
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