NFTs and meme coins are now being introduced on the Bitcoin blockchain, bringing both positive and negative impacts. The influx of NFTs has led to congestion and increased fees for Bitcoin transactions. This situation has sparked debates reminiscent of the block size wars in 2017. High fees are a reality that Bitcoin must face as it aims for mass adoption and relies on fees for security. While some criticize the scalability issues caused by high fees, it is important to approach any changes to the Bitcoin blockchain carefully. Lessons from past developments can guide future scaling solutions.
Guest: Mark Goodwin
Director of Print Editorial at Bitcoin Magazine. / Bitcoin author
Twitter: @markgoodw_in
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