Replying to Avatar Rusty Russell

I'm disappointed that nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsztkr48 never got an answer to his question about what Bitcoin looks like to those who can't afford a UTXO.

This is an important question, maybe *the* important question. But it also underscores how much he diverged from his "pleb everyman" origins: this is very much not a newcomer question!

Guess I won't be on WBD to answer it, either!*

*Spoiler: I don't know the answer, but I can describe the possibilities and issues people can (and are!) exploring...

The problem becomes easier if you dont consider the mempool as homogeneous. You have three tiers, the high fee tier modulated by the nash equilibrium. The low fee tier modulated by hadware/decentralization balance. And the middle tier which is competed for by gamblers, other use cases, spammers and so on.

Reply to this note

Please Login to reply.

Discussion

They during off ATM.. Their value is already under sats, and dropping. Eventually they'll be worth less than a sat, then its over (until next shitcoin on Bitcoin).. Although seems were getting shitcoins on LND too now.. So yay O.o..