It is amazing the number of shallow comments shouting doom and gloom over news like this and others (Steam, etc). Must be the end of Bitcoin because transactio

It is amazing the number of shallow comments shouting doom and gloom over news like this and others (Steam, etc). Must be the end of Bitcoin because transaction fees are too high! And more generally everyone shouting doom and gloom over high transaction fees. Let's stop and think about this critically for once. Transaction fees on Bitcoin are high. And that's somehow a bad thing? By that same logic it's bad that Apple can charge so much for their phones. $800 phones are so ridiculous. No one can buy the phones! And Apple is clearly a failing business because of it. It's bad that Tesla is able to charge $70k+ for the Model S. Tesla is a failing business with no future prospects. The experiment is over. Time to buy Chevy Volts instead. Everyone sell TSLA because the Model S is too expensive! The interpretation that high Bitcoin transaction fees is somehow bad and signals the end of Bitcoin is just so ludicrous when subjected to even an ounce of critical thinking. Bitcoin transaction fees are high because Bitcoin transactions are _valuable_. Because people are willing to pay that much to make a transaction on a network that secures their transaction in an immutable, public record stored redundantly on 10,000+ machines. We should see this as a massive signal that Bitcoin is _successful_. That demand for its technology grew beyond anyone's wildest dreams. The fact that Stripe and other payment platforms can no longer use the technology is disappointing, but for different reasons. So to re-iterate my point one last time, Bitcoin has succeeded in the same way that Tesla succeeded. It made a Model S blockchain, and people are clamoring over one another to get access to it. Of course, I would be remiss to ignore one valid complaint about high fees. Bitcoin's goal was to free the masses from the entrenched banking system. Part of the banking system is making small, every day transactions. In that regard, Bitcoin has yet to succeed. Going back to my analogy, we can see that Tesla hasn't succeeded in a similar regard either; we don't see electric cars in the hands of the average person. But that's not because the technology has failed. That's because we haven't gotten there yet. It's a long road yet. We'll get there. The world doesn't change in 9 years. The banking system won't be overturned in a decade. But we have a beachhead. Bitcoin is just getting started.