Ordinals bitches are making txn expensive for everyone else π
Discussion
Just curious, doesnβt this technically lower the price of bitcoin?
If you give miners bitcoins, the will put them on the market for sale. The more we give them the more they sell. No?
But maybe itβs marginal not to the point to affect the price.
Miners sell what they need to cover, and with the price going up, that's less BTC. They also don't have to liquidate everything. And once you've got your mining setup, your costs are largely fiat constant. The difficulty went up almost 20% since September, so miners will be less likely to get blocks or have the same share, making them less likely to sell until the price has risen enough, or they don't participate at all, and so sell nothing. This also assumes all mining and equipment costs are paid in fiat, which is becoming less and less true.
this is why I prioritized learning lightning channels.
should be fine
