On Bluesky you are removable, apparently.

fees are high, so we move towards lightning even more than we have in the past. this movement onboards new users. these new users find it very expensive and tedious to open their own lightning channels on their own node, so they'll gravitate towards custodial wallets. this isn't good, but this will pass given enough time.

My 2 sats on the mempool and transaction fees:

#Bitcoin always gets criticized that the network isn’t sustainable over the long term because of the decreasing and ending block rewards.

Yet every major industry like the internet, container ships, gold vaults, power grids,.. are funded by fees.

The moment the fees on the #Bitcoin network become higher and pushes and influx of miners to secure the network, people scream it’s broken 😅

How about #Bitcoin settlement layer becomes a layer for the big monetary transactions that are willing to pay high fees for max security. And second layer solutions are for day to day transactions.

Imo this event is good as it pushes development to second layer solutions like #Lightning

If all the major exchanges halt btc transactions will there even be a bull market??

Many Bitcoiners are quick to jump to conclusions, claiming either that Ordinals are a total nothingburger and anyone who suggests taking action against them is a fool, or that Ordinals will be the death of low fee on-chain txns, making it unusable for regular plebs who need to settle, and we should therefore all be rallying to stop them.

The truth is likely somewhere in the middle. Listen to Bitcoiners on other sides of the issue, so we may find the best path forward for the protocol.

Agree! I run the node now and I feel like a charity for the LN network! 🐶🐾😂😂😂