Subnostr

The demand for blockspace fluctuates. Lower priority transactions take longer to confirm. People choose alternatives & anticipate these demand spikes.

I see no evidence to suggest that block fees will increase in bitcoin terms in the future.

I do anticipate that they'll increase in USD terms. The future is uncertain, don't let anyone convince you that it's not.

Brisket 2y ago

https://mempool.space/graphs/mining/block-fees#all

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Discussion

agoraant 2y ago

But in the future there will be more congestion ?

Brisket 2y ago

The total volume of unconfirmed Txs may increase but I don't think so.

We got to about 2GBs of unconfirmed Txs in the last spike & it's back down to 1GB now. As fees unexpectedly increase, people add Txs to pull through stuck Txs. Some inefficiencies creep in.

I think in the next 10 years Bitcoins parabolic increase in purchasing power will drive the conservation of timechain space.

agoraant 2y ago

I think wẹ are at the end level of a full bitcoin. More Txs. Of sats and then More on like bitcoin txs.

agoraant 2y ago

Not sure now after listening to Simply Bitcoin about AI and Bitcoin.