Global Feed Post Login
Replying to Avatar BITwise 🐳 >>= RIGHTish

High fees at this stage are GOOD for bitcoin.

Ordinals are fee payers (or maybe better stated as mempool fillers) of last resort. Just like bitcoin mining is energy consumers of last resort. Ordinals fill the mempool that might otherwise be partially empty. Without high fees and full blocks, the long term economic viability of mining is questionable.

Oridnals are pushing fees up and creating a floor price and pushing layer 2 innovation and adoption. It's spurring conversations and debate around Lightning, fedimints, liquid, etc.

A high fee environment is a proving ground that mining/hashing can remain economically viable even without block rewards. This is critical as hashrate secures the network.

Avatar
BITwise 🐳 >>= RIGHTish 2y ago

But also, fuck ordinals because they're an exploit 😉

Reply to this note

Please Login to reply.

Discussion

No replies yet.