Read this thread. I think many underestimate the ways Bitcoin blockspace supports more txns today relative to 2017.

- simply more space (2-3x more thanks to SW)
- batching + SW outputs more common
- fee estimation better (no feedback loop)
- Optech bridges industry & Core https://twitter.com/ziggamon/status/1264233417362878466">https://twitter.com/ziggamon/...

it& #39;s unlikely we get a 2017-style & #39;fee crisis& #39; anytime soon. Industry is using blockspace more efficiently, there& #39;s more of it, and new spillways exist to absorb capacity if it does get extreme.

To dive deeper into these issues:

- Bitcoin Optech, which communicates best practices to exchanges: https://bitcoinops.org/ 
-">https://bitcoinops.org/">... @0xB10C& #39;s txn fee. info, which has great data on usage modes: https://transactionfee.info/ 
-">https://transactionfee.info/">... @0xB10C& #39;s amazing mempool observer: https://mempool.observer/monitor ">https://mempool.observer/monitor&q...

This is how scaling works

- Institutional credibility (don& #39;t f**k with the base layer)
- Big blockspace consumers gradually optimize their usage
- The amount of $$ txn value packed into a single byte increases steadily – "economic density". No need to nuke node operators.

Without fee pressure, the chain gets packed with junk data (see here: https://www.coindesk.com/how-blockchains-become-great-big-garbage-patches-for-data),">https://www.coindesk.com/how-block... and big blockspace consumers have no incentive to economize their usage.