GM
Why are fees at 4 sat/vB and the price pumping?
I give up, I don't understand Bitcoin at all.....
Discussion
Nobody does, especially those that claim they do.
Doesn't it depend on what you mean "you understand bitcoin"?
I mean, you can understand how you need to use a light switch, without understanding the underlying working mechanism.
Couldn't that be the case with btc? 🤔
Yeh, but I’m an electronics engineer, I do understand the underlying mechanisms down to the quantum uncertainty layer, of which I am certain 😂
Also, I’ve decided I definitely don’t understand Bitcoin, despite studying it for nearly 4 years full time 😂
Not really bitcoin related but a good read thou
Just stay humble and stack sats. That's all there is to it.
You don't need many vBytes to pump the price 😁
My theory on fees coming down ... We're in a new quarter, and the A16Z VCs have reassessed their investment expenditures into inscriptions and runes and realizing they've burned a lot of sats unnecessarily. Plus, much of the ETF acquisitions are now done via spreadsheets in Coinbase. As a result, block space demand has noticeably reduced on a temporary basis.
Price pumping because more money started coming in steadily for the past week to week and a half.
