See, that’s the interesting thing with this is that it will basically absorb the shitcoins to the bitcoin network, we get monero level privacy while also improving fees for miners and maintaining highest hash POW/security budget. As bitcoin matures I think it’s crucial that we incentivize mining at an individual level as well making it profitable for retail to mine. With more fees on L1 comes higher profitability.
My questions:
for those who do want to hold bitcoin on the L1 does this not make fees even higher to transfer in/out to cold storage?
Also, since this is a soft fork does this not open Bitcoin up to a larger attack surface at the L1?