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A comment on Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017. Parent comment

Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017 by gruez on Thursday April 22, 2021 @07:35PM (#26909412)
initially? lower fees. eventually it will be offset by the induced demand and we'll be back to square one.
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Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017 by bavell on Thursday April 22, 2021 @07:52PM (#26909533)
We won't be back at square one even if the fees end up the same, since the transaction thoroughput would be higher.

Bigger blocks means more transactions per block and at a constant rate of 6 blocks/hr that means the network can handle more TPS before fees rise. As long as the mempool remains relatively empty, fees will be low.

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Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017 by nivexous on Thursday April 22, 2021 @07:44PM (#26909489)
By that argument, we should have capped Internet bandwidth at 56kbps.
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Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017 by wmf on Thursday April 22, 2021 @07:53PM (#26909535)
Imagine if they increased the block size and developed Lightning in parallel. On-chain fees would be low until Lightning becomes mainstream then Lightning fees would be even lower.
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Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017 by devname on Thursday April 22, 2021 @07:56PM (#26909546)
Tried that in 2017, but the stream got blocked.
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