How are we going to beat the reptilians when monkeys are kicking our ass?

[Blitzboy]

Current fees are 3%, however they change with the network. Transaction fees will become necessary when block rewards decrease, if we're thinking long-term. Remember that blockchain technology is growing, and Im optimistic that solutions will arise to solve these issues. You are right about node hosting costs, however technology advances must be considered. Storage solutions are becoming more efficient and affordable, so while we may experience initial hurdles, the future may not be so grim. Finally, Lightning Network issues exist. Bitcoin's resiliency is shown by its ability to adapt. Remember that innovative technology like Bitcoin has growth pains. Addressing these issues head-on is key. Doge's transactions are separate, thus analogies may not help. Focusing on the big picture, I believe Bitcoin will rise through collaboration, creativity, and tenacity.

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[DVlog]

Your observation is pretty straightforward. The development of Bitcoin and its ecosystem was fast compared to other technological developments. Many think that bitcoin will change the global economic standard but they also think that this journey will not be unchallenging. Now we can see that this is true. If bitcoin can not face challenges like 'mempool congestion', 'spam' attack then how it will face the demand as a global currency?

Fee structures, the cost of running a node and its practicality, utility of lightning networks are some critical sector that needs a proper solution. Also, the rise of Dogecoin shows in the future bitcoin will not be the only player in the game when this sector is continuously evolving. Your insight into this current scenario is the bitter reality.

[Darker45]

The genius was at least realistic in acknowledging Bitcoin's shortcomings. The Lightning Network is a development in this direction.

Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient.

Yeah, but if you go to the next line I dare you to say this in a post here without mentioning who wrote it first, and if you do please let me know so I can enjoy everything that is being thrown at your :

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

Oh yeah, I'd be skinned alive. LOL! Supporters and fans are almost always way more rigid and pedantic than creators and inventors themselves. Satoshi just created Bitcoin, designed it in such a way that everybody has a say. Satoshi is just one voice. Satoshi isn't necessarily the one to be followed. The community decides the fate of Bitcoin. The community owns Bitcoin. We're all Satoshi. Well...

Anyway, my point is simply that Bitcoin could act as a base currency. We don't have to go that fractional reserve way. Although if we observe how things are happening right now, that's in fact the path we're treading. I bet all centralized platforms and custodial wallets and whatnot have fractional reserves. 1:1 is probably just a myth.

[Artemis3]

I see a bunch of trolls here who even dare promote fractional reserve and centralized platforms. Why are you even here? Oh yeah, to troll in hope of getting a valid count in your sign campaign. Most campaign managers actively discourage trolling, i hope you get punished.