When you pay through the nose in fees and your node's mempool states the fee is "optimal".
I don't think that's the real question, hard disagree.
But I'll indulge you a little further.
Maybe it's just food for thought, for whoever needs it, consciously or not.
Maybe it's a way to broadcast my own frustration out to the world.
Maybe it's a reminder to every Bitcoiner out there actually looking to make a difference and not being content and conformist of what to keep in focus.
Take what you will. And if you will nothing, then it's not for you.
Twofold.
For one, fees have lately gone over 600sat/vB and maintained for lengthy periods.
For two, it's likely they'll be high and go higher well into 2024.
It'll be a while before we see them go back down I think.
Opening a #lightning channel right now is like getting 50% off.
Why is the idea of self-custody so alien, hard to grasp, and seemingly outright hostile to so many?
Are you people that childish that you'd rather relinquish any responsibility than safeguard generational wealth?
I didn't know about it until I looked it up.
Actually, pretty much like every other shitcoin out there..
If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.
I'm trying to understand the value-proposition of #Covenants.
Going through a bunch of material, so far my conclusion is, it adds a ton of functionality at the cost of moving
#Bitcoin from being permissionless to permissable.
I definitely think we need a solution at the UTXO level, have been saying this for a while, but definitely not convinced this is it.
Must watch for any Bitcoiner.
Right in time for Christmas!
ooo, added to Obtanium.
Definitely checking it out.
Thanks, of course there's an 'Awesome' list for nostr too!
Also looking at
https://github.com/vishalxl/Nostr-Clients-Features-List
I guess I have a set of requirements for a nostr client, which I've found for the browser (Snort), but Android just seems iffy.
All part of the journey!
Any #Android #Nostr client recommendations?
Primal and Amethyst either don't allow me to zap self-custodially or just switch up my relays with a default list, or even revert my banner image 🤣
Anyone else having issues uploading images on Snort?
It uploads to 100% but once sent, no image appears..
The higher the fees, the higher the chances that the next BTC transaction you want to do on-chain is considered to be below dust for the mempool.
With L2 infrastructure still being fleshed out and liquidity bolstered, this is a very real scenario for the time being where you will simply not be able to transact.
I'm all for Freedom, but even then it's important to be able to recognise an attack on an ongoing consensus.
Inscription spam is an attack on #Bitcoin. #Ordinals are not playing by the rules, and are negatively affecting the usage of the timechain. It's a #DDoS attack.
Peg ordinals to the timechain from their own chain, or just trade them for BTC, ordinals do NOT require Bitcoin's timechain to function.
From every proponent of Ordinals I've heard, they have one thing in common - They're all doing it just for fun.
Bitcoin's timechain is a pillar to a new open monetary system. And there's the crux of the issue.
Even #Satoshi foresaw the need for separate applications to have their own separate layers with their own separate fates.
No excuse anymore.
OWN your sats!
Self-custody lightning.