Nostr Web Client

bitcoin …

If there is no incentive for miners to earn fees, they would literally save money by stopping miners. Hashrate goes down, fees go down, etc… then it becomes less expensive to transact on layer 1 for commerce. The benefit being its “more” secure on layer 1.

Alternatively, number go up and the discrepancy is filled by price difference.

WORK HARD. STACK SATS.

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Discussion

LightningSpore 9mo ago

I don’t think it ever gets cheaper to transact on-chain just because miners stop mining. 1 sat/vbyte = 1 sat/vbyte

Price goes down, purchasing power goes down, 1 sat/vbyte is cheaper, but at the expense of your purchasing power 🥺

Erik 9mo ago

Yes THIS. Purchasing power goes down in fiat terms, is my meaning. ~cheaper.

Thanks for the reminder 1 sat = 1 sat. 🔥🔥🔥

Less fiat mind, more corn mind 🌽

Kajoozie Maflingo 9mo ago

We moved all the small transactions offchain to layer 2. That's where all the real commerce happens now.

If some Miners shut down that lowers the hashrate and drives transaction times up. Fees go up in response.

Empty blocks just prove Lightning is doing it's job

Erik 9mo ago

👏👏👏