it looks like since you made this note, the fees came back down to previous levels again.

Erm.. that shit already died. Maybe it will catch on again for a bit, we dealt with it already before.

this is how bitcoin self regulates

but the question is flawed

high fees are not permanent.

Most wallets let you set your fees and you dont have to spend more on fees if you are ok with waiting a little longer in the mean time.

for the important transactions, pay a little extra in fees to avoid the wait time.

before you know it, fees will be back down to what they were.

I have it from inside sources that bitcoin will be at $700k by the end of the week

Permanently high fees? I don’t think so. As more and more people adopt a technology prices for hardware fall. I don’t know how old you are, but do you remember when VHS or DVD players came out? What about flatscreen TVs over tubes? What about solar panels or lithium batteries? When technology is new, the price is very high but once mass adoption takes affect and mass manufacturing practices can take over the price drop significantly. I paid over $1000 for a DVD player in the 90s now I can find a high-quality Sony DVD player on Amazon for under $100 bucks.

I’m already seeing USB powered miners and miner/space heater units for sale in the range of the average individual. Now imagine a bitcoin miner the same size as the keypad at your local grocery store, which is run off the wasted energy from the conveyor belt. High fees are a temporary condition and will come down over time until they reach a sustainable bottom.

Now, on your question about how to manage a lightning channel. The more reliable, well balanced channels can demand a higher fee to ensure smooth transactions. The best channels will get the highest fees commensurate with bitcoin transaction fees to remain competitive.

Now, imagine that keypad at your local checkout stand running a bitcoin miner and a lightning node. The transactions run on the lightning network and batch to a single bitcoin network transaction daily. Instead of paying approximately 3% in a credit card transaction fee the retailer is now making a profit off of each transaction.

Once there are billions of miners around the world, transaction fees will naturally fall. It’s all part of Satoshi’s grand design and things are going pretty much according to plan.

I don't think those things are going to on return in any type of meaningful force. They were a symptom of cheap fees and a bear market.

Have the BRC-20 tokens completely stopped?

Yikes #bitcoin fees

Guess everything is staying out today!

762k followers on twitter

best way to loose your bitcoin stash, follow twitter traders

Switch to the 🍎

stats.nostr.band

The other day I talked to a gamer on Discord who was deep into DeFi. I asked what they liked about it and the answer was “passive income.” They had heard of the Nostr but didn’t know much about it. I said, if passive income is what you’re after, why not just earn #zaps for shitposting? You don’t even have to buy some random scammy token to get started. Maybe there’s an angle here. Time will tell.

recently i saw i hit 1M zaps received, there are only two transactions from nostr that I’ve ever put on chain

the rest have just been zapped out to other nostr users or I have redirected zaps to other addresses for fundraising

i hope to see nostr be evaluated someday by the amount of bitcoin that gets circulated on it, only 32k bitcoin to be worth a billion