high fee hurt bitcoin IMAGE.
Agreed that high fees hurt bitcoins image
Since I read Satoshi's whitepaper in 2011, it's been clear that Bitcoin needs high (aggregate) fees to wean it off block subsidies and ensure its independence.
Can we
please not worry about the image perceived by those who don't grok the logos (much less the ethos)?
Higher (aggregate) fees = Bitcoin starting to work the way it's supposed to.
Low fees = Fear/uncertainty/doubt Bitcoin will become self-securing and self-sustaining before its baby bottle runs dry.
I was referring to Higher individual tx fees. I have repeatedly claimed that I want bitcoin fees to be at least 5-10 USD(as it is now when taking into account block reward) on the mainchain. The only way to do this effectively is with payment channels where thousands of channel payments eventually settle to the main chain.