I've put some numbers together to help you determine whether the horse has already bolted regarding the use of bitcoin for non financial transactions.
49% the UTXO set is sub 1000 sat outputs
43% of transactions in the past 2 weeks had an OP_RETURN or were inscriptions.
The legend didn't render correctly
This is very encouraging.
What universe of data you considered. All Bitcoin transactions last month, or in year? Can you please share the full information behind this encouraging pie chart?
I’m not clear why this would be encouraging data?
Because he's corrupt.
To be honest I did not understand the graph. It gave me the impression that small amounts were the norm in the Bitcoin commerce and among holders.
I was wrong, it is the polar opposite. Huge holders are now the one that move the Bitcoin market.
Here is a much better chart to understand this.
It is disappointing to see experts like nostr:npub18h0w55nsp839ezxnggf00jd2xc6yl0ht62mf5p8wwllu8s80wdcs83ws8m do zero effort to explain. But hey, I found out anyway.
lol wut
I had no idea how to read the original chart.
Here is the truth behind transactions in the Bitcoin market, and the influence of large wallets over the whole system:
https://primal.net/e/nevent1qqs2tkjh6xqpsm86xqwdq3p8c2xq9u5ua0vkny7rmyt3kmp7wudxh8sva9eut
People already abuse the blockchain so let's make it easier for them.
The government is already violating our rights so we should let the government do anything they want to us.
This is the stupidest argument I've seen all week.
and yet mempool is still at 1 sat/vB, so where's the issue? if fees get expensive they will stop.
And the blocks are not even full, and everyone is using a custodial LN wallets.
