Topic: Bitcoin losing its P2P efficiency!! (Read 587 times)

Boss you outlined a fact here, people failed to recognise this problem, this is why most people in the signature campaigns prefers using the exchange wallet to receive their payment in other to avoid any extra fee unless for those who want to hold completely, this high fee of a thing is a problem I hear some people say that bitcoiners should concentrate on purpose for bitcoin existence, but the question is, will people hold forever, no matter how long we hold some day, some time we will make an option either to continue holding or withdraw a little bit and this will pose a threat on us because of the fee involved, I think an urgent attention should be given to the high fee to allow more users to allow more users to embrace this innovation by making payment through the system and indirectly advertising this innovation called bitcoin, though this is my opinion.

To my mind, Bitcoin is a currency that satoshi created with short-term plan and he hadn't thought about long-term plans and if I recall correctly, he somewhere mentioned that he had a hope that developers would improve it over time (correct me if I am wrong).

At the moment transaction fees are low but overall, Bitcoin is not always a good choice for making a p2p transactions and it's not the optimal choice the power that miners have and the way whole process works because miners can easily increase the transaction fees if they flood mempool with very high transaction fees (after all, they receive them back via mined blocks, so, fees that they pay to increase transaction fees, aren't wasted).

Bitcoin was originally created for alternative transactions, it was supposed to be used for people who transacted on the black market initially. but because of the uniqueness of bitcoin, which has a limited supply, there has been innovation in bitcoin until it was released to the public. What this means is that they have made this a commodity asset, but that of course eliminates the characteristic of bitcoin, which was originally P2P. but here are the facts. even if bitcoin is made p2p how much will it cost to just make transactions?

According to my personal opinion, Bitcoin lost its P2P efficiency a long time ago, not because of the rise in fees, but because of its deviation from its basic path for which it was created. Bitcoin has turned into an investment only and not to be used as a means of peer-to-peer payment.

When the price of Bitcoin began to rise, people started rushing to own Bitcoin to invest and make huge profits, so most of them forgot or did not know in the first place that Bitcoin is not a way to make money, but rather a means of P2P payment.

Therefore, in my opinion, the high fees are a result, not a cause.

You are correct, every Bitcoin investors is just geared on how to make profits from Bitcoin investments rather than use Bitcoin to make transactions from person to person directly without seeking the service or assistance from centralized body or a third party which was the sole reason for inventing bitcoin and due to congestion in the mempool and high transactions fees rate has made the system difficult because transactions now take longer time to confirm so this might cost some reduction in the number of Bitcoin hodlers. Although every investor needs to make some profits from their investments but let's not forget the reason for introducing Bitcoin.

 I quite agree with you that it's developers needs to proffer lasting remedy to this effect if not the number of Bitcoin investors hodling Bitcoin might start depreciating and it might really conquer the goal of Bitcoin becoming massive in other to pave way for it's adoption globally.

@new19980

You can use bluewallet because it doesn't have to open a channel although it's custodial https://bluewallet.io/features/

Increasing the mempool size from 300 MB to 2GB or higher won't give any impact as long as the block size and the transactions per second are still same.

Also you shouldn't post in a row since it's not allowed in this forum.

Lightning is TRASH for small transactions since you need to use BTC to open a channel
the only way is to block those BRC20 shit tokens and if possible increase pool capacity from 300 MB to +2GB

isnt the fees increase because of those BRC20 SHIT Tokens ? i heard one of bitcoincore devs
saying that they have plans to block them from the network in next updates also 300 MB on the mempool seem
too small i hope they can increase it to 2 GB or something

Technically, this is not an attack. Some people who love NFT's are willing to pay more than the other people who want to create cheap transactions that's all. The attacker is the dev who implemented this feature and thought it was a good idea. Whoever he is, should be kicked out immediately and never again come close anywhere coding bitcoin.

If this thing keeps going, soon bitcoin will indeed lose its cash functionality completely. It will be a cat pic market.

It is very interesting to see how Bitcoin has changed from a p2p system with low fees to one with high transaction fees. At first, Bitcoin's appeal came from the fact that it was cheap and easy to use; it was a digital way to make everyday trades. But as use grew, the blockchain's design caused it to become crowded and charge high fees. SegWit and Layer 2 solutions, while innovative, havent fully resolved these challenges.

Bitcoin's place in the digital economy has changed because of this congestion and the high fees that come with it. For me, and many others, Bitcoin has become more of an investment asset than a medium for everyday transactions. As Hhampuz's experience shows, the high fees make it impossible to do small deals. That other cryptocurrencies, like Tron and Doge, are better for everyday trades is becoming more and more clear. In all its digital glory, Bitcoin is changing into a digital gold, a safe haven rather than a way to buy things.

I see a lot of newbies are concerned about the fees, but nothing new has happened over the recent years, it has all been discussed back in 2016-2017. Bitcoin (and all other cryptocurrencies) has fundamental limitations, blockspace can't be made too large or the network will stop being peer-to-peer. And while the current fees can be blamed on NFTs, the fees are bound to only go up and up. So forget about Bitcoin being a p2p currency fir buying small things - it's mostly a store of value that is supposed to be resilient to inflation.

High transaction fees are one thing that can hinder Bitcoin adoption. Bitcoin adoption to me is not about how many countries accept Bitcoin as legal tender, it's not about how many people use Bitcoin. All these things are important I know but it doesn't matter how many people use Bitcoin if they can't use it whenever they want.

Bitcoin adoption to me is being able to use Bitcoin at any time. What's the point of all that privacy and animosity if you have to wait hours for a transaction to be completed?

I don't think Bitcoin is losing its P2P efficiency but high transaction fees is discouraging its adoption.

You're right, many people are making use of the bitcoin network because of how cheap it appears, but it's becoming more difficult for people to maintain this standard anymore because of the high transaction fee, you could see this confirmation from some other campaign managers who have made a decision of making payments using other coins, just to be able to bypass the transaction high fee on bitcoin network.

Same also have so many of the bitcoin users are facing now because they couldn't afford the high fee, they had prefer using other network in making transactions by exchanging bitcoin in other to serve their purpose, we may be in expectations of something new to ease the whole thing coming this new year if the developers made such decision for that.

Sad part here is there's less number of people use bitcoin for p2p transactions but rather majority choose altcoins even before since it gives them convenience especially on transaction speed and fees. Right now majority of people use bitcoin for investment since this is what inserted first on their mind and they always speculate on when the price it pump and how much price they could sell it on exchange.

The true essence of bitcoin and its usage has been erase out by hodl or trading mindset since this is what always portrayed to the people and can't blame people to think about that since majority of us here want to earn and take advantage on current situation where bitcoin price is volatile.

We all wish ordinals would go away and transaction fees would return to normal, but do you think that will happen? Because if we think more carefully, we can see that there are many people who benefit from high transaction fees. So I seriously doubt that Ordinals or BRC-20 will disappear from the market anytime soon. I even see the BRC-20 trend becoming stronger as they are supported by major exchanges.

I don't know if the developers have a solution for this problem, but I don't think Ordinals will disappear as many people expect, and the solution of waiting for them to disappear is not feasible because there are many people who are benefiting greatly from there.

Yes and No....

The congested Mempool is part of a coordinated attack and not the normal day2day transactions that we are supposed to have on a daily basis. We also know if more people used the Lightning Network for daily transactions, then congestion on the Blockchain would not have been an issue.

We should allow the developers to find counter measures for these kinds of attacks and we should also allow for Bitcoin enthusiasts to solve the mystery of who is behind these attacks.  

We know that as the Bitcoin network becomes overloaded, transaction fees will rise, causing problems for holders who perform transactions here.
Then, when it comes to scalability, we know that the Bitcoin network has a limited amount of transactions per second, and this constraint, or in another phrase, blocksize, is what creates a delay or backlog in transaction confirmation, further affecting p2p efficiency.

Overall, even if Bitcoin is losing its peer-to-peer efficiency, I believe it will stay an opinion. Because, as far as I can tell, both perspectives are equally valid. Then there's the question of what I see in the future of Bitcoin's p2p capabilities. This is only my view.

You just spoke my mind. I don't know what they are still waiting for when the large number of people are crying about the high transaction fee and yet they are giving deaf ears. This is something that need urgent attention. Government can't destroy Bitcoin because it does not have a central server that use to store data control information but the users can make a stop to it once they stop using it then the coin will become worthless. Bitcoin is valued because the users are many and if the transaction fee is like this then many will back out. And I am suspecting that it is the government that is bringing this ordinals. I'm suspecting that this is the only way they are using to deal with bitcoin. Developers should take a drastic step to coil the situation fast so that investors will come to site. As it is everybody is afraid because they don't know if they invest they would make profit from it.

Whether we like it or not, but one of the most important value propositions of BTC was its unshakable foundation for censorship-resistant data inscription and transfer. Everyone remembers how ETH got once criticized for their move to hard fork and role back the network history. Now I understand that conditions are different, but one thing is the same: we are talking about core principles being eroded. I don't have a clear cut opinion on that, but I think it is important to gather info, insights and opinion to come with one's own point of view.

In this case I think Adam Back has a strong point when he says
as he also adds that there will be other ways to inscript stuff that overload the network. I feel the frustration about the high fees too, but the discussion about the if and the why is important. 

Definitely the goddamn ordinals, there's no utility that I can see in these ordinals besides the fact that they generate more profit for miners because the mempool becomes more congested which makes it more expensive for us to do transactions because ordinals are considered a transaction too which makes the queue much longer and so they payment for priority gets more expensive. I share the same hope as you, that ordinals are going to perish eventually but right now, it seems that there's some groups of people that aren't happy with it having to go away so either we get more patient with our transactions since the optimal thing to do is set the fee to a lower than usual amount and wait for the transaction much longer or we just don't do a lot of transactions for now or maybe lessen it.

Yes, concluding that Bitcoin has already lost its features might not make sense to me either. Bitcoin transaction fees have experienced numerous spikes over the years, which persisted for a while but eventually returned to normal. The recent surge is becoming excessive due to the ordinals that are disrupting the blockchain. Apart from that, the rate of Bitcoin adoption has increased over the years compared to what it was before. With the upcoming bull market, a lot of new investors will flood the market, leading to more congestion of the mempool. I don't see this as a negative impact on Bitcoin, but rather a positive one. This is because the more investors we have in the Bitcoin market, the higher its value becomes, providing more profits to its early adopters.

The high transaction fees may not be long-lasting. However, for now, investors should seek other means that might help reduce their transaction costs (LN, ACCELERATORS). Micro-businesses that have been relying on Bitcoin transactions should consider using their fiat or other cryptocurrencies.

Let's punish ordinals transactions, let's punish mixers transactions, let's punish gambling transactions, let's punish transactions without any identity etc, and then only allow coins that come from centralized exchanges.

Now Bitcoin is fully centralized since the pools only allow transactions from centralized exchanges, I guess this is what people wants?

fanky
I do not give a rats ass about the techinals.. i dont...
give me max decentraliation on btc layer 1
nothing else matters.


it dosnt matter if L2 is full of KYC, the only thing that is improtent is that L1 remains 150% decentalized peer to peer digial cash, because without that we are nothing.

you get wqhat im saying??

i DONT CARE if lighting sucks because XYZ, as long as L1 is 110% decentralied. and all the good things that come with that.

There is no question that there is really a big problem with Bitcoin in terms of adoption especially in small transactions...like buying a cup of coffee or paying one's groceries in the mart. And that is why many are looking at Bitcoin as an investment or speculative asset just like the real physical gold...no one is bringing gold to a store to buy some water in the bottle. Now, is this good or bad? I am not sure but for sure the P2P potential of Bitcoin is really getting limited...that is for now until working solutions can be found on this situation which am sure will come one day.

there are ways to identify transactions that use particular unconditioned "non standard" (validation bypass) opcodes.. where by code can punish only the junkers at a higher rate.. but dev politics have other games in mind to make bitcoin annoying for all, so they can promote other networks and systems users should use to pay middlemen.. to reimburse devs sponsors

This is just due the f*cking ordinals. The Bitcoin fee was normal or even low in previous days. And I hope this will go down because these ordinala are not long lasting. Soon they will not exist in the crypto world.
By the way there is one more reason, the popularity and adoption of Bitcoin increased, the congestion in the mempool and the competition for block space led to noticeable increases in transaction fees.
As we can see the Bitcoin Price is increasing, with this significantly the transaction fee also increasing. Hope it will come down soon.

Transactions fees temporarily spike every once in a while. And every time that happens so many people feel the need to make these doom and gloom threads about Bitcoin not working anymore.

Bitcoin works the same as it always has. Saying it is losing P2P efficiency just says you don't understand how blockchain works. Fees were never going to stay low. They were low in the early years due to Bitcoin not being that popular. That was always going to be a temporary state.

Bitcoin scales on L2. And no reason to freak out just because fees spike for a little while. Every time a spike happens people act like it is the new norm. Like in May when fees spiked to like $20-$30 for a few days so many people were freaking out thinking that was the new norm, and fees quickly went back down to like $1-$3.

Yeah it sucks useless ordinals are clogging up the blockchain, and ideally those wouldn't exist. But the future of Bitcoin use is obviously L2 and it always has been because the Bitcoin blockchain is the base security layer for the Bitcoin payment ecosystem. In the future most people will never or hardly ever interact with it because as in any payment protocol, the average person only touches the higher more efficient layers.

No need to freak out every time fees temporarily spike. Fees are already falling from wherever they peaked at recently. Bitcoin works same as always, and we've still got a number of years before fees will actually drive us all to have to use L2.

lower fee do not cause more centralisation.. its actually the opposite way round

when fee's are high users lock their value to middlemen, causing more centralisation of fund control

when mining pools get too much profit. they buy more asic farms to centralise the hashing. but the distributed hobby miners due to not having great deals on electric and hardware cannot buy as many asics in one go to compete.

when pools take a 2% cut of reward + X% of fee's they can expand their single location asic farm faster than hobby miners distributed around the world getting only 0.000x% share of reward+fees

it doesnt matter how high the fee's go the individual independent asic owners cannot compete compared to the pool owners

its the economics of any industry manager-worker relationship
if general income is X but manager gets 2% and worker gets 0.0002% the more income the business earns the manager profits the most

think about it.. (asic costs $4k)
if a manager gets 2% of $270k ($5375) he can add 4 new asics every 3rd block
if a worker gets 0.0002% ($0.54) he can get one new asic once every 7400 blocks

Bitcoin transaction fee is expensive now but you can wait and if you can wait, you will have cheaper fee to use it.

Ordinals won't last forever because you will not continue to spend money for Ordinals forever when they no longer have chance or see chance to get quick and easy money from useless inscriptions.

Bitcoin blockchain is always a biggest and safest blockchain to use.

Altcoin blockhains can be hacked, Layer 2 infrastructures can be hacked, bridges can be hacked but did anyone hack Bitcoin blockchain?

How many confirmations of altcoins are enough compares to 6 confirmations of Bitcoin blockchain?
How many Bitcoin confirmations is enough?

It's important that bitcoin remains as decentralized as possible, the added value of having low value transactions directly on the L1 is not enough of a reason to compromise on bitcoin's decentralization.

But with a Layer 2 & 3 we can have our cake and eat it too, we can have max decentralization on Layer 1, and fast and cheap transactions on Layer2, its being built right now, lighting is maybe not the full solution we once thought it would be, its has its place and there are other Layer 2 underway, and they're about to get a whole lot of attention now that fees are a problem again.

this is the path bitcoin has chosen, and its probably the right path.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." -satoshi

That's not bitcoin's fault, it just so happens that people are hodling on to it more than usual and the price of bitcoin is just too high to be traded all the time, they don't want to miss out on the price of bitcoin suddenly going up due to volatility, the lessons of the past still haunts many of us which is the 10k bitcoin pizza. It can still be used as a currency for P2P transaction and although the efficiency can still be debated especially right now, the same feeling as when it's still back in 2010-2013 is still there.

It is sad, but the reality is that for now BTC is unusable as a currency, because it would be almost impossible for one to spend BTC on things they can buy with other currencies, considering this kind of high fee. But i don't think BTC is losing its 'p2p efficiency', BTC is p2p cash simply because there is no central authority that stands in as a third party, and that hasn't changed. High fees or not, if you use BTC the way it is supposed to be used, without any third party, then that is p2p.

We are all talking about a solution, but what solutions do some of you propose. I see solutions suggesting that miners should reject ordinals tx's, but that would mean supporting censorship in a censorship resistant network, what other solutions can work without going against the principles of the network?

Quite true. I think it's time we talk about how we want bitcoin to be regarded of once again, even if it brings about another blocksize war. The fact of the matter is that, even if bitcoin were to be successful in being a store of value and being an investment tool you can use to make yourself wealthy, people will still talk about the good old days and how it was once a great way for you to transfer money to another person without paying too much as a few cents. Furthermore, it also hampers with the tradability of bitcoin as you're either forced to wait until bitcoin's network's not congested (which happens like never nowadays) or you have to shoulder the 10-50 dollar transaction fee just so you can transfer money to and fro different networks. It's quite distressing and in some cases it even makes fiat money remittance more appealing cause at the very least when you send money to Western Union you don't get charged 100 bucks in a single transaction.

Scalability is going to be a problem if we don't do anything right now. Layer 2 is great but is there really anyone in here who'd willingly go out of their own way to use the Lightning Network which mind you isn't as efficient as they make it out to be?

The issue isn't Bitcoin. Other blockchains suffer from the same problem(s). Demand for confirmations and fees go up in tandem. We can argue that Bitvoin Devs can make an upgrade to make things better but they already did with SegWit upgrade at the time. Scalability is part of a larger problem called the Blockchain Trillema. Except anyone have bright ideas to speed up transactions without compromising security, that would be awesome.

As it stands now we can all blame ordinals because it is them that consist mainly of this transaction and most started paying higher transaction fees to try beat every other transaction to the next block. The question is should devs be looking at finding a specific solution to only this Ordinals to avoid filling the blockchain? Wouldn’t that be a censorship which is against bitcoin decentralization protocol?

Also shouldn’t we be looking beyond ordinals and assume they are like the much expected adoption we have been clamoring for? Should it come wouldn’t the mempool be congested as this?

Yes, you're right, it's happening unfortunately because of ordinals and similar token spam. Some signature campaign managers are migrating to LTC or USDT because the network has now stalled completely. 100+sat/byte transactions are sitting in mempool for days. I simply can't believe it. Bitcoin has become unusable.

I think some people above my reply do not get the idea.  Bitcoin is definitely losing potential and efficiency.

Yes you can still spend and receive.  Yes you can still create any Seed and use any Address however you like.  But it is as useful as downloading some Stock simulating game on a Smart phone and pretending you own Bitcoin.  If you can not spend it due to exorbitant fees then it becomes useless.

Think about this for a minute.  Say Bitcoin continues to have this Mempool trouble for the next six months.  How many of us will be optimistic and happy about owning Bitcoin?

Now think about this.  Bitcoin continues to have this Mempool trouble for the next two YEARS.  How will that look for Bitcoin?  How many of us will afford paying so much for every single Transaction we broadcast?

It is painful.  What happens now is the Wealthy are in immense advantage over us.  They can spend and receive however they like with negligible Fees.  Negligible as in a 25 Dollar Fee for a 50 Dollar Transaction is 50 percent while a 25 Dollar Fee for a 500,000 Dollar Transaction is nothing percentage wise.

I hope a solution is found but I do not know anymore.  Lightning seems to be a temporary fix but it is still not the right one in my opinion.  Guess we all have to wait.  Truth is, the Peer to Peer efficiency is truly diminishing as we speak.

Yeah its sad but you cant blame out the majority on having that kind of impression towards it because we arent that blind on not to see on how it is really having that huge potential when it comes on making profits
and this is why it would really be just that normal that they would really be focusing on accumulating it rather than on spending it out or simply in talks about p2p and just we do all know that even making simple
transactions like on buying up something on a store that accepts Bitcoin payment but since we are skeptical about the price might be shoot up then you would really be just having that normal feeling
that it is really just that a waste on spending up your coins into something on which you could be able to pay up with fiat.

Not only talking about its potential profit that it do gives but also on the network fees that we are current experiencing now. Who would really be on their right minds on paying up 20 bucks worth
of Bitcoin and having a fee of the same amount?No one on their right minds would really be definitely doing that. This is why its not really that shocking into seeing things such as this
that there's a lessen p2p efficiency and there's nothing we can do about it but to deal up on the things on what are really that happening.
So its better to go with the flow.

You know the truth: Bitcoin has just become an investment scheme. Everyone just wants to make money from Bitcoin investments; hence, no one cares about the real goal of Bitcoin. True, Bitcoin still uses a peer-to-peer payment method, but it is insignificant in comparison. Due to the high fees, it has become hard to make payments in any marketplace through Bitcoin. Because congested network transaction times wouldn't meet with the payment gateway. In this manner, it's true that Bitcoin is losing efficiency. Developers should find a solution to reduce transaction fees and avoid congested networks.

If you open a channel, even fee paid to miners would be charged.

But there are some wallets that can be used that run their own channels which can be used in time like this for small amount of bitcoin. Example is Muun wallet.

This is true. It would have been better if bitcoin developers can do something that can make the mempool not congested at all.

segwit and LN have not solved things..
fee's have remained higher than pre 2016 prices.. infact segwit had code to make 2009-2016 formatted transactions become 4x that of segwit. and then segwit also increased in fee rates too , thus the legacy multiple grew even faster in fee cost

looking at the liquidity capacity of LN compared to the transaction volume of bitcoin network. more bitcoin transfers had more value in one block  than the whole LN network ever locked up in 6 years

LN has not even touched 0.0001% of the value transfer, bitcoin has been able to achieve in one 10minute block session

yes bitcoin has lost efficiency and since 2016 all we have seen is development stall, in exchange for developers getting sponsored by corporations to concentrate on other additions that only aid projects which aim to get people stuck into using middle men.. all while being told for 6 years "be patient, just wait, it will take care of itself"

many excuses are made. all trying to avoid the conversation of blaming the developers. yet bitcoin is not some self writing AI. developers wrote it and now they want to blame everyone else for the actions caused by developers and the inaction caused by developers.

the latest distraction is trying to blame asic machines for the fee cost. even though asics do not select which transactions get into a block

developers could have retained a fee formulae that would have only fee punished spammers.
developers could have keeps "nonstandard" tx formats disabled from node relay preconfirm
developers could have not included code that miscounts bytes
developers could have scaled the blockspace efficiently where the 4mb space was actually usable to be 4x of 1mb space
developers could have had many ways to keep fee's from becoming a premium

but instead developers stopped optimising bitcoin or scaling bitcoin and sold their souls to corporations that want users to abandon bitcoin in exchange for some other payment system off the blockchain

for developers that no longer want bitcoiners using the blockchain efficiently. those developers should give up-retire and realise they should not be politicising their views by pretending to be bitcoin blockchain developers if its now against their sponsored ideals to develop bitcoins blockchain

I also agree with the earlier posts that Bitcoin is not losing its P2P efficiency.  The system is still unchanged and everyone will be able to make a transaction between persons directly.  It is that the fee is surging and anyone willing to pay for the transaction fee no matter how much it cost can still fully enjoy the P2P feature of Bitcoin.  If BTC is losing something, it is losing the benefits of making transactions at lower costs.


This is expected, merchants will be most likely to be affected by the surge of Bitcoin transaction fees.  If this tx fee surge continues, Bitcoin will be abandoned by merchants, and that will have a huge impact on Bitcoin adoption.  Miners may enjoy the high fees today but most probably they will be dried out when people stop using Bitcoin due to high fees.

Bitcoin is not losing any P2P efficiency; just as it is, anyone can still use it for their transaction as long as they are ready to pay the transaction fee. P2P transactions are carried out based on an agreement. Frankly speaking, what we are dealing with here is the transaction fee, which has skyrocketed and become unfavorable for most Bitcoiners like myself.


I have stopped accepting Bitcoin payments in my business for now. When the fee was low, I usually liked to cover the transaction fee for the customer. As the fee got higher, I initiated another strategy, which was to split the fee between me and the customer, but now the fee has gotten so high that it's affected me. I can't afford to pay such a high fee for customers, and majority are not ready to pay the high fee either. Only a few are will to pay. It's affecting.

Bitcoin turnout to be more on valuable investments rather than use as currency for P2P and other daily transactions. Transaction is expected to be higher in proportion to the Bitcoin price growth. The success on price growth gives a repercussion of having a high fee.

There’s a lot of existing altcoin out there that can be use for P2P transactions. I think being valuable investment is the only feature that make Bitcoin still unique among bunch of shitcoins out there since convenient P2P transactions is already common on other blockchain.

This has been an issue except for those who uses LN or will take time to wait using accelerators but in the end this is still not suitable for us as bitcoiners, this is changing people perception of Bitcoin soon I guess if there are no alternative then everyone will just be HODLing bitcoin just for making money and the main reason of its invention which is giving individuals financial freedom from paying high charges, third parties and slow transactions.
Some individuals never consider Bitcoin scalability as any serious issue but as times pass by its becoming worse because of congestion. Now imagine if the entire world has adopted bitcoin then will such fee be constant?

One or the Most significant reasons for the creation of Bitcoin was,to create a currency easy and suitable to be used for peer-to-peer transactions.
During the first eight to nine years of its launch, Bitcoin actually achieved this goal, With fees considerably low as just a few cents. However things began to change at about early 2016 when fees began to increase noticably, and during late 2017 when the mempool started having congestions, which influenced transaction fees directly.

Of course, One can say the reason for the very low fees during its earliest stages was a result of low adoption and a less congested mempool. We can also confirm that due to the problems of competition for block spaces which led to high fees, Bitcoin's block size was increased on August 24, 2017 by the application of the SEGWIT protocol upgrade known as "Segregated witness" in full. This definitely helped in malleability of transactions by separating the signature data (withness data) from the transaction data to free up block space.

Other solutions like the layer 2 that became popular during 2018,also helped reduce congestions and fees by conducting majority of transactions off the Blockchain making transactions more scalable and faster.

However, upon these upgrades and solutions, as Bitcoin grew the congestion problem has  become more and more prominent especially due to the effects of ordinals in recent times.These congestion and fee problems are gradually exempting the need to make simple day to day transactions with Bitcoin thereby bring the need for people to make small transactions with other stable altcoins like Tron and Doge.

Take for example this post made by Hhampuz who is one of the most reputable campaign managers on Bitcoin talk.
In that post Hhampuz made mention of spending roughly $200 /week on fees for each campaign. Now assuming Hhampuz managess 5 campaigns for 15 weeks, taking the math he would have spent an enormous amount of about $15,000 (~0.34BTC) on fees only. Considering these enormous fees P2P transactions would become  uneconomical.