Replying to Avatar AJ Nobody ⚡🏴

Okay, please check my logic.

While mempool fees aren't the REAL issue, they end up in the hands of miners.

Miners are the liquidity for OTC desks. (?)

So ordinals unintentionally(?) feed the institutional beast that is Blackrock, et al.

Seem correct?
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rod ✪ 2y ago

If the fees are high enough, the miners will have a healthier business, and be able to growth their business securely. And will hold more BTC as reserve.

Still, they will sell BTC to pay for their OPEX, that will not change until the OPEX can be paid in BTC.

Bear in mind that miners are Bitcoin sellers by default, that is the business model...

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AJ Nobody ⚡🏴 2y ago

Good distinctions.

Does my basic premise (side item that it is) withstand scrutiny of not being fallacious?

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rod ✪ 2y ago

I believe you are correct, more over, the Blackrocks of the world and many whales buy directly from miner companies

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AJ Nobody ⚡🏴 2y ago

Thank you. 🙏

Sometimes the devil is in the details, and every little bit that's off as I try to think through things puts me farther from truth.