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Bitcoin Forum / Re: High fees is a never ending story?
« Last post by bitbit97 on Today at 06:56:45 PM »Something makes me feel, that we are going to see high fees again. Here is why. First I saw really high fees about half a year ago, then I saw them again somewhere in January, and again after halving. For me shows that someone really likes them and earns good on them, otherwise they wont have repeated. So while we see situation is being normalized, someone somewhere thinks what to invent next (and people cant stop inventing new) for blockchain, that obviously is going to push fees up high again. It isnt have to be a malice, but a pure curiosity.
It's not as easy as you make it sound. Bitcoin's transaction fees aren't in the control of an individual and it's not that easy for someone to invent something that would make the network become congested and fees soar high once again because even if someone does that, it depends on whether people will use it or not just like ordinals, so even if someone tries, they can't succeed in doing that.
However, there is no doubt that this wasn't the last time for fees to go so high, and we are surely going to see something similar again very soon, but the reason would only be the excess of dust transactions or a lot of investors getting into the market at once.
Indeed bitcoin isnt controlled by individuals, but still someone created NFTs on bitcoin blockchain, we got runes recently. And there is more to come. Why dont we have something like meme-coins on bitcoin blockchain? Or lots of metaverse madness? That is a good idea to think how to implement that to bitcoin blockchain, and that person will get rich. I expect more things that were once in trend in crypto to appear on bitcoin blockchain one day.