JSRAW, Btway, thanks to you, I came across this idea, ("a year ago, 4 cents could buy 606 satoshis, and it's a pity that we don't use "sats" as a standard, continue to say 0.01 bitcoin, etc") In case there are lightning network fans here, here's a quick LightningATM tutorial written by @21. Overall a very cool concept ...
thanks, man!
it is time for a well established Layer2 solution because on-chain fees are high and to expensive for txs < 100 USD.
https://ycharts.com/indicators/bitcoin_average_transaction_fee
Of course, if everyone just switched over to native segwit addresses they could save 50% on their fees. This would also have the added benefit of allowing more transactions per block too. Anyone out there who complains of fees and are still using legacy addresses deserve it.
old cold stores with legacy addresses will exist nearly the whole time of the Bitcoin life-cycle. even with just the Segwit addresses a Layer2 solution is needed because sometime in the future the fees should replace the block reward nearly completely. (did you not understand the economical base concept of Bitcoin
)either Bitcoin will be become super expensive or at least one reliable Layer2 solution will be established. BTW, it was Satoshi's intention too to get Bitcoin layer2 ready.
Of course I understand that, it would just help in the meantime. Layer 2 is coming and it is a good thing, but obviously still needs more time.
I do agree.
