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Dude, just looked at fees for the first time all eeek. 400+ sats. Up like 8-10x over the week
Discussion
eventually bitcoiners will adjust or be priced out
Depending on utxo count and amounts, I don’t have an issue at all. I paid over $100 to send 5k overseas a few months back via wire. I could send the same on bitcoin for far less, even now.
Glad I melted down my UTXO’s two weeks ago at 35-40 s/vB. Gained the knowledge, downloaded the tools, and found the time to do it just in time thanks to Ben from sessions and Wicked.
I imagine if we see a day where fees are relatively high most of the time, for better or worse, it would also serve to keep more Sats on exchanges for longer periods, and perhaps make it wise for people to have accounts on multiple exchanges?
for me i follow adams lead. exchanges will intergrate liquid and lightning or lose customers because of mainchain fees. bitcoiners who refuse to use lightning and liquid will suffer as well.