I think it’s time to recognize the fact that the fee market has stabilized for quite some time, Bitcoin is doing great and no it’s not on fire or about to die or whatever FUD has been forced upon our consciousness by the concern trolls.

 

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It's quite obvious to me that Bitcoin is becoming an incredibly successful network of possibility regardless of its blockspace resource limitations. Every single day that Bitcoin has and does increase in price is a response by the market that blockspace resources as they are is not a big issue.

Bitcoin's primary value proposition is that of a censorship free Sovereign form of money. That value is something that does not exist anywhere in the world and it seems entirely reasonable to me that there would be a premium on transacting with that fundamental value proposition in place.

Watching Bitcoin sore right now with a stable fee market only proves to me that we have enough time for bip 149 to activate. We may see fees rise as Bitcoin enters into the hype phase of a pre bubble, but watching the last 6 months play out as fees stabilize regardless of volume or value shows me that there is an equilibrium within this fee market that will be found and that equilibrium will continue to function for as long as it takes to get bit 149 activated. We all want to see Bitcoin scale!

Put on your FUD-AWAY and hold tight folks. We have another 12+ months of Community drama ahead of us as we have to deal with paid shells and trolls and propagandists all vying to make you feel what is obviously untrue.

submitted by /u/Cryptolution
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247 Bitcoin

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