This is my first time witnessing this 🧐 what is the impact of this? Any?

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Nothing horrible. Fees stay low. Lightning channel opens/close go up. There will be FUD.

I don’t follow what you mean on the last two points 🧐

more people open/close channels because fees are low.

increased FUD because scammers want your money.

I’m stupid, what is FUD?

Fear, uncertainty and doubt

Fear, uncertainty and doubt. FUD is spread by those with a vested interest.

Yep got it fam 🫡

The transactions necessary to open and close lightning channels cost sats per byte. When main chain fees are low, it is an opportunity to for lightning node runners to do some cheap housekeeping of their liquidity by opening new channels or closing unprofitable ones.

When on-chain activity is low, some low-rent shitcoin influencers and open-mouth-diseased YouTubers use it as an opportunity to farm engagement by spreading dumb, recycled ideas about how bitcoin is dying.

Ah thank you for the explanation 🤘🏼

Tick tock, next block.

That’s what I gather 🫡🤞🏼