Oh yes, don't get me wrong I'm all for mass adoption of Bitcoin and cryptos across the board but with massive fees who wants to buy a pair of $50 dollar shoes and add another $10-$50 dollars in transaction fees?
The conspiracy theory is that the 'Bilderbergers' want high transaction fees to bring in Blockstreams' Lightening network (which Bilderbergers are invested in) and theoretically by controlling Blockstream perhaps they could manipulate Bitcoin and the entire market.
Bitcoin will be easier for them to manipulate than gold, a market they totally took over.
With only 21M bitcoin, it is just a matter of waiting out the sellers...at some point, some of the btc whales will cash out...and the banksters are already in line.
A couple hundred billion is nothing to these people...they have access to all the money they want.
Right on, the out of proportionate fees are one of the factors that are worrisome for me. It doesn't seem feasible that the average person just getting into bitcoin would be able to pay that kind of transaction fee. I am going to be looking closer into the Lightening network. Thanks for your insight and ideas.