How BTC full blocks drive people from crypto.

Imagine you are in your local bar where you hang out every day after work having a beer or 20 (OK maybe 30 and a few shots). You and a few others are the only thing keeping the lights on. Then one day they hire a new manager. The bring in some entertainment and the place becomes popular. One day you are sitting there and the manager comes over and say hey there is a $20 cover fee now. How would you feel about that?

I've had the above scenario happen 3 times in my life. One place I walked out of never to return. They later went out of business not too long after that. The other 2 the owner wasn't that stupid and well I'm sure the managers got one heck of an ass chewing. Anyway I know how it feels is the point. This is what BTC felt like back in 2017. Us old timers who got into bitcoin for the low fees, fast transaction, bank the unbanked and potential to change the world probably felt the same way when the new Blockstream management decided to turn BTC into a high fee store of value coin that wasn't for the poor. I know it felt similar to me. I also know many people and companies quit using not just BTC but all crypto after that. Some may never return due to the bad taste it left.

This same scenario plays out on BTC every time there is hype about BTC and the price jumps. Influx of not only new investors but people who want to use crypto for purchases. Take the most recent halving hype. What happened? Lots of hype about it. Google searches go up and the price pumps (most of it probably artificial). Then when people try to actually do anything with it the blocks are full, the mempool overflows, fees go up, and it becomes unreliable. Now they realize they have been misled about the utility of BTC then the dumps begin. Do you think those people will come back to BTC or any crypto? Even if they didn't buy BTC they just watched their purchasing power go down by a decent percent.

Unless this cycle can be broken it will continue to happen. Of course each time it does there will be fewer people that haven't been pissed off before who will want to try crypto. People don't want to play the fool twice. Sad but this is what crypto has become all thanks to bad management of one coin.