This is not a problem of Bitcoin, but a “feature”.
Framing it this way sounds very bad naturally. But there is another way to think about it.
Having Proof of work means, that each amount of Bitcoin is actually representing something from the real world - energy.
It’s not possible to simply create Bitcoin out of thin air, you have to spend a lot of energy to do it. And it was designed like this on purpose.
Hard to explain all in one comment, but books like “The Bitcoin Standard” explain in detail why this makes Bitcoin a nice way to store value, especially over time.
The resulting high tx fees are also a thorn in the eye. But I think Bitcoin was not meant to be used to make daily transactions, it is made to enable people to store or save value over long periods of time. To enable everyday transactions, the lightning network is being built, and something else to look into :)
This is not a problem of Bitcoin, but a “feature”.
Framing it this way sounds very bad naturally. But there is another way to think about it.
Having Proof of work means, that each amount of Bitcoin is actually representing something from the real world - energy. It’s not possible to simply create Bitcoin out of thin air, you have to spend a lot of energy to do it. And it was designed like this on purpose.
Hard to explain all in one comment, but books like “The Bitcoin Standard” explain in detail why this makes Bitcoin a nice way to store value, especially over time.
The resulting high tx fees are also a thorn in the eye. But I think Bitcoin was not meant to be used to make daily transactions, it is made to enable people to store or save value over long periods of time. To enable everyday transactions, the lightning network is being built, and something else to look into :)