No fees were "wasted". If people were willing to make a transaction knowing that this was going to be the cost, it is a reflection of people's time preferences.
During an auction you always know the price and hence the bids are somewhat incremental. You can bid in 1$ increments or even lesser increments.
When the network is congested people put a fee on their transaction without knowing anything except that more = better.
It is a market failure. The time preference BS is something made up by "true believers" who think that "bad news is good news" because it supposedly supports the winner take all mindset that crypto enthusiast love.
Except when the winner is Ken Griffin, in that case we should stop playing , throw a tantrum and ask the refs for a redo lmao
Zuckerberg keynote was received very coldly and the cartoonish avatars can't possibly be taken seriously in a working enviornment.
The whole metaverse can't be even defined as a space to work or play. If it's a space to play then how is it different than VR headsets and why it merits a whole world to upsell it as an ecosystem?