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Many of your points contradict each other. * Transaction fees go to the miners so high transaction fees mean more miners. There have been a few blocks now whe
by aeternus 9y ago
Many of your points contradict each other.
* Transaction fees go to the miners so high transaction fees mean more miners. There have been a few blocks now where the total transaction fees are larger than the built-in block reward.
* High transaction fees are an issue but they are also directly tied to price & usage. If bitcoin price/usage drops then transaction fees will drop. High transaction fees also make spamming useless/small transactions as part of a DOS quite expensive.
* Lost coins increase the price due to decreased supply.