Am I the only one seeing this recent happening on the high transaction's fee of bitcoin as a direct attack on bitcoin purpose?
Tbh, It can be seen as an attack as it deprives others the opportunity to use the cryptocurrency they love and own!!
But then if we talk of financial freedom, we need people to use their coins however they like but if this spamming of the network makes it unused, then let's take this as positive criticism and allow for large volumes of transactions!!! Perhaps another fork by our devs should be in the pipe line...
Some of the things that make bitcoin unique and part of its purpose are: privacy, decentralisation, transparency, security, seamless transactions, and above all, financial freedom. Being in control of your holdings—when I say control, I mean total control—you decide when to spend your holdings and when not to spend them, and there is no limitation in terms of when they could be used.
If we are talking about no limitations, then the spamming of the network should also be accepted as these transactions are not free and being paid for at a premium by the users.... choosing to control how people spend their Bitcoins makes us no different from our governments and love to control everything.
Some of bitcoin's aim and purpose have been trampled upon, which don't look good on the network at all.
Supply and demand will also play their role and affect
it negatively or positively which is something we don't account for...