Are Bitcoin Transaction Fees Too High?

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In this video, I discuss whether Bitcoin transaction fees are too high, and where I think they are headed in the long term.

Unless you want to institute a tail emission for Bitcoin, you need to accept the fact that almost all Bitcoin miner revenue will eventually come from transaction fees.

Wanting transaction fees to stay low forever is a little bit like wanting Bitcoin prices to stay low forever-- it will result in a Bitcoin network that is not secure and powerful enough to be able to support a global economy.

Ordinals, inscriptions, and BRC-20 tokens are causing a spike in transaction fees that is a foretaste of a permanently higher fee regime.

The good news is that higher transaction fees will allow only the most economically dense transactions to occur at the base layer, while encouraging the development of higher layers or payment rails.

The bad news is that small UTXO sizes combined with high fees may make life difficult for pleb hodlers.

Not investment advice! Consult a financial advisor.

Bitcoin fees meme:
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Recent blocks where the transaction fees were equal to or greater than the block subsidy:
https://mempool.space/block/000000000...
https://mempool.space/block/000000000...
https://mempool.space/block/000000000...

Clark Moody's Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashbo...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#ordinals
#bitcoinmining

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