Go deeper down the Bitcoin rabbit hole:https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoinIn this video, I discuss how higher on-chain transaction fees encourage people to use higher layers or different payment rails like Lightning or more centralized custodians.Higher layers are one way to batch up and net out transactions, so that only the net result needs to be settled on the base layer.Higher transaction fees also encourage users to avoid peak congestion times when transacting, as well as encouraging them to batch transactions on-chain (for example, a Bitcoin exchange batching withdrawals) and to use more data-efficient address types like Taproot.Not investment advice! Consult a financial advisor.Watch this video first:https://www.youtube.com/watch?v=TDvZ2z_z6sE&ab_channel=BitcoinUniversityTransaction size calculator:https://bitcoinops.org/en/tools/calc-size/ I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #blockspace Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=v3VnvsowgmM