hey yeah uh where did the mempool go
Discussion
Institutions transact using coinbase IOUs instead of on chain transactions. Get your coins in cold storage if you want to survive the blow up.
yeah, that thing is dead.
Let's all buy nvidia stonks. on margin.
😂
You know what to do:
- Consolidate UTXOs
- Open Lightning channels
👀
of course a monero like you would be puzzled since you think that lightning is not private enough.
Why do you support ostracization and not support free speech?
it's ostracism
and i support saying the truth even if it insults people who are fervertly believing in bullshit.
also, literally, if "muh privacy" was all important then how do you expect that the public will hear the criticism of dumb ideas if they don't say it in public? it has to be to some degree public. i would argue that the moment you tell anyone it starts to become public, and once two people hear it, it's basically a given that someone is either going to tell someone else this idea or shout and scream about how offensive it is.
lola can write whatever she wants. but pointing at a small mempool like there is some problem with it proves that she doesn't understand that bitcoin's payment volume is moving to lightning. in fact, it proves it because i for one have moved at least as much btc around using lightning as i have by using lightning, i get paid in bitcoin, and then i swap it into my lightning node so i can spray it at my bank account to do my expenses.
people who have been bravely and purposefully stacking bitcoin for a long time and are keeping a really solid surplus in their personal savings don't need to transact online once they open a few big 1Msat sized channels. so the mempool is getting smaller and smaller. for at least a few years now, the majority of the times of big volume has been shitcoiners writing garbage to the blockchain to fleece idiots.
If you support saying the truth then why did you say calle shouldn't un-mute me when the only reason he has me muted is for telling the truth more than he can handle?
Lol 😂 If it is always 1 sat / vB then I would not have needed to make such a nice fee selector in Bitcoin-Safe.org
I've easily transacted on chain thousands of times and I still use self custody Bitcoin daily. But honestly, I've probably made less than a dozen on chain transactions this year and most of those were to open or close lightning channels. I buy and withdraw to lightning, save in liquid when channels get full and only move to cold storage when I have a decent UTXO saved up. I don't NEED on chain Bitcoin very often anymore.
It worked. We scaled Bitcoin.
this will lead to a security budget crisis after enough halvings, but when the fees are high it just scares people away.
Nobody tryna sell during #Bitcoin / #BTC price discovery season. 🤙
Holidays mode ON
That's actually good. We're gonna need the space when we move on to post-quantum bitcoin transactions that need at least 10x the space.
It's because of the huge downward difficulty adjustment which should be fixed at the next adjustment. A lot of miners went offline and came back.
Who needs blocks when you got phat channels ⚡️
Was told by podcasters that ETFs would buy and sell bitcoin on the market. Seems to be that when someone sells, the ETF just holds it for the next person that comes along, since there doesn't seem to be any onchain movement.
Is it really that the ETF has a big stash and tells the buyer they "have some", but it never really gets put in an account/wallet for them? I know that people don't actually control any of the bitcoin, but there is suppose to be a papertrail, no? It's all just a fiat paper IOU ledger.
The UTXO management would probably be a nightmare if they were doing it properly.
It's just crazy that ETFs users are just directly buying bitcoin for the ETF company. Basically the ETF company just pays them out with the money printer and gets to keep the hardest asset.