Serious question about blockchain fees. Is there any evidence that any chain has found (or will find) a stable equilibrium such that miners (or validators) are adequately compensated, but the chain doesn't get too expensive, driving users to other chains or other layers?
People like to joke that the goalposts are always moving. That at the end of 2017, the knock on Bitcoin was that the fees were too expensive for anyone to use. And today that's the knock on Ethereum.
But now people point out that Bitcoin's fees are dangerously low?
But now people point out that Bitcoin's fees are dangerously low?
In theory, Ethereum's fee problem (too expensive) could be solved if everyone uses Layer 2, but then does this pose the risk of fees evaporating on the main chain, creating the same security problem that bitcoin faces today?
What reason is there to think that any given chain will find some healthy balance, such that there's adequate compensation to keep the chain secure, but not so high such as to make transactions uneconomical?
• • •
Missing some Tweet in this thread? You can try to
force a refresh
