Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
BlackHatCoiner
on 23/05/2023, 17:11:06 UTC
But the reality is that people who move small amounts are killed by that. Imagine the scandal you would make yourself if, in the traditional system, JP Morgan charged you $1 for transferring $10 to a friend to eat a pizza.
Bitcoin is more important than that. If you want to buy a pizza, use lightning. We can't all have pizzas on-chain, it simply not scales. You should expect to be charged a lot in a network with limited transactions per second, used universally and in a permissionless manner. Don't treat it as if it's a financial institution. It's superior.

And for the millionth time, Bitcoin is destined to have high fees. We either have expensive on-chain Bitcoin transactions, or no transactions at all. It currently might not seem necessary, but in about two decades, when it will be even more established, the incentive will depend on those fees.

Relevant:
I'm sure that in 20 years there will either be very large transaction volume or no volume.