The crypto community is alarmed: the commissions for bitcoin transactions are growing, and their confirmation time is increasing. In this regard, there are discussions and an exchange of views on the question "how can this problem be solved?
Fees are at the lowest point in 6 months and confirmation times just as fast.
Have you actually used bitcoin lately?
I've just sent 4 hours ago a tx with a fee of 2.965 sat/B and it got confirmed in the first block.
So rather that solving problems we concede defeat and we transform bitcoin into digital fiat, and be done with it.
I wouldn't call it "transforming bitcoin into digital fiat." The existence of Bitcoin banks doesn't fundamentally change what Bitcoin (the base layer) is. They're just applications built on top of Bitcoin.
You missed the part that got me angry
Perhaps you need to create a bitcoin Bank that will combine the functions of a wallet and audit. The functionality should be similar to the stock exchange.
Hal was still talking about multiple solutions, multiple back end, the author was thinking of a large centralized bank that would run everything and would impose rules.
