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common misconception is that the merge would reduce gas fees. this was never the point.

No it wasnt although they supposedly are going to try and address it in future upgrades.

That's what many are missing... improving scalability is inherently linked to a reduction in gas fees.

Not really, increased scalability, by default will/should reduce gas fees... it's a "fringe benefit" of improved/increased scalability.

That is why I feel it will be in the hands of the banks. They will run the nodes and do not care about a $250 tx fee.

WEf coin! 😆