Paper Bitcoin Summer. Are Nostriches the only remaining souls holding their own keys and transacting? Feel like most Bitcoin influencers on X are all ETF holders at this point.....
Discussion
It seems to be the case.
Feels like it.
How much of this reflects increased lightning adoption?
Im going say it has had an effect but I am confident it's not the main driver of lower fees at the moment.
I think I agree. Enjoy the low fees and consolidate utxo I suppose
"my UTXOs aren't economically unspendable right now"
"my dad isn't beating me right now"
I don't know man.
I never spent more in fees than the year I set up my lightning node.
There's so much custodial lightning now. You've also got liquid to move large amounts around.
Nobody really gave much of a shit about fees until 2021.
At least Monero demand growth steadily.
Want a serious take.
Those who wanted to grow onchain left for BCH and LTC.
Those who wanted to use stables left for TRX and ETH.
Those who wanted to grow second layers left for LN and ecash.
Those who wanted privacy left for XMR.
Those who favour fiat (Saylorism) left for custodians encouraged by tax hunting government.
Fiat price is at an ATH. But future prospects that rely on a healthy fee market are at an all time low. We are entering uncharted territories.
Tail emission doesn't sound so bad after all.
Every action has intended (foreseen) and unintended (unforeseen and potentially catastrophic) consequences.
ETH unironically has the best layered architecture right now. rollups are the best approach, full ark with covenants is slightly worse, a huge jump down and you have ark without covenants, and go a smidge worse and you have lightning.
Finfluencers š