Ethereum Q&A: Skyrocketing Network Fees, what can we do?

What happens when network fees skyrocket? Does innovation in bitcoin, ethereum, and other open blockchain projects die? What about the DeFi (decentralized finance) craze that has hit the Ethereum network, causing gas prices to increase and making every smart contract more expensive to run? What can be done to fix the network fee boom? In this video Andreas walks through solutions from both a technical and philosophical perspective.