Nostr Web Client

Yeah, but a $10 transaction fee will stop daily transactions but it would be ok for transaction greater than $1000, which most people can afford. If fees exceed $1000 transaction would need to be greater than $100000 which would exclude most people.

techfeudalist 1y ago

I still don’t understand the answer to this question:

“What prevents people from having their own UTXO now? There are more bitcoin addresses than stars in the universe.“

Reply to this note

Please Login to reply.

Discussion

Azz 1y ago 💬 1

It's the number of transactions that can generate a UTXO with Bitcoin in it. There are a limited number of transactions per block. This can't increase, more demand raises the price and makes it unaffordable for some people.

techfeudalist 1y ago

And I collected the amount via a L2? I think I understand what you’re saying. I’ll think about it.