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As the price of bitcoin is surging higher, I feel that the transaction fees will likely increase and this could be a big challenge. What do you think, will something be done to that as time goes on or it continues the way it is already?
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I am hoping that we should be proactive about this big issue and not just wait for it to happen right before our eyes. There must be things in place to effectively tame the rise of transactions fees especially during the bull run or if there can be clogging in the network. The solutions should be long-term and not just band-aid type. I hate to be paying a lot when doing cryptocurrency transactions all because this is not what we signed up for and I think - just a personal view - that it is a big shame to experience exorbitant fees for any cryptocurrency including Bitcoin.