What to make of this? Why would anyone do this?
Here's why:
You are probably right, dumb people don't have infinite money but you completely ignore that there is an infinity of dumb people and they are constantly expanding like the universe does. So, technically we have an infinite money.
Thanks for quoting me because I received a message on Telegram. I'm on vacation and haven't visited mempool.space and thanks to this quote, I received a notification on Telegram and I can't believe what my eyes has to see. Why on earth is anyone consolidating all the unconsolidated transactions today with 300-400 sat/vByte fees?
It's OKX and it's not something unusual, they always tend to overpay
Is there any explanation to why they overpay? Usually, every business tries to save as much as possible and it's a little confusing why should they be overpaying transaction fees (a lot).
The future of money requires proper DoS protection and a self-sustainability assurance mechanism, and that's the block size limit. The fact that an on-chain transaction currently costs $30 is evidence that it works.
Call that an evidence but can you afford to make a Bitcoin transaction? I can't afford (maybe can but don't plan to waste money stupidly). It's becoming unattractive payment method for so many people, I think that that's more of a loss than an evidence that it works (DoS protection and a self-sustainability assurance mechanism).
To me, it looks like advocating for extremely high house prices while not being able to afford a house.