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2883d
BTC is effectively owned by Blockchain Blockstream and friends now. 3 or more years ago, people were already warning that the 1MB cap was so illogical that it must have another motivation - forcing a 2nd layer.
replied 2883d
Now here we are. And no, you will absolutely not be able to transact freely on BTC if there is any amount of adoption unless you have extremely low price sensitivity to fees.
replied 2883d
Additionally, mining is being disincentivized in the long term by the same situation - without a critical mass of miners, BTC will cease to be permissionless.