Replying to Avatar Andy The Bitcoin Adviser

Why would someone spend over $300 to move 5,000 #sats?
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Andy The Bitcoin Adviser 2y ago

Look at the last block that got mined it’s full of them…

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Satoshi Nakamoto 2y ago

Miners are loving this nonsense

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Andy The Bitcoin Adviser 2y ago

I bet they are, someone’s got money to burn. Is this the bitcoin equivalent of make it rain?

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Satoshi Nakamoto 2y ago

I think these people strongly believe these are investments

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Andy The Bitcoin Adviser 2y ago

I’ve got a bridge they can buy…

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Satoshi Nakamoto 2y ago

We are definitely not going into a bullmarket until this is over, they will have to capitulate before so morale is restored

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Andy The Bitcoin Adviser 2y ago

Got to think they’ll run out of #sats at some point.

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Marius 2y ago

I don't know. Some blocks are [filled with this nonsense] (https://mempool.space/block/000000000000000000021c44911f4471fc26f9b37ca3d230c117a025eec7b7b7), are close to 4 MB in size, and only make $5,450 in fees. Just two blocks before [this block] (https://mempool.space/block/000000000000000000039d1cbdd3be99a995cf1c9ddba2ee477d33a96f8b6721) was produced with the size of only 1.9 MB and fees of $185,193. Are miners paid on the side for including ordinals? I don't get it.

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Satoshi Nakamoto 2y ago

I don’t think so, there can be some but in general they are just on the fee race pumping the mempool like never seen before

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Purple Horse 2y ago

Maybe the government is printing some extra money to make sure the plebs can’t use Bitcoin onchain in a normal way so they won’t escape their dirty fiat money…