Bro, did you see that today the mempool was almost empty? What is your opinion about this?

Reply to this note

Please Login to reply.

Discussion

Yes we saw fees as low as 1 sat / vbyte recently. I will just put asside the classic reasons of an increased hodling trend of #bitcoin as digital gold and the typical effects on day trading driven by greater market dynamics. Bitcoin de-fi and transaction heavy behaviour is migrating to the fractal network which is a layer 2 on top of the base chain. It is like a virtual fractaline abstraction of the Bitcoin core software with its own native token ($fb). In the multiple Bitcoin-like layers the dreams of bitcoin degens come to life because on these layers such things as the famous Satoshi omitted Opcode, OP_CAT and others are enabled. Bottom line is that spam has moved largely offchain. Miner revenue could be a slight concern but I am sure as the entire system progresses miners will find a way to stay afloat.

It was a good time to realize UTXOs. I also have my concerns about miners, but they will be able to recover

I didn't know that!