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Steve Barbour: empty mempools are bullishx.com/SGBarbour/status/1944009583292559367
232 sats \ 7 comments \ @Scoresby 12 Jul bitcoin
IT IS EXTREMELY BULLISH THAT BITCOIN FEES ARE LOW
LOW FEES MEAN HIGHER ACCESSIBILITY TO THE BEST SELF-SOVEREIGN CASH SAVINGS TECHNOLOGY IN THE HISTORY OF MANKIND
WR ARE AT $118K USD ATH AND FEES ARE PENNIES
WE CAN THEREFORE EXPECT CYCLICAL FEE MARKETS WHICH ENABLE ANYONE TO PARTICIPATE IN THIS TECHNOLOGY EVEN AFTER $1,000,000 / BTC
PAPER BITCOIN TAKES PRESSURE OFF REAL BITCOIN, DONT BE FOOLED GET THE REAL STUFF!
HODL
At first I thought this was sarcasm, but on thinking it over, perhaps he is in earnest.
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102 sats \ 1 reply \ @elvismercury 19h
Worthless. This guy would be bullish regardless of what was happening. Btc equivalent of XRP army.
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33 sats \ 0 replies \ @Scoresby OP 18h
I have appreciated his takes on mining.
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204 sats \ 1 reply \ @bitcoingecko 12 Jul
Is it because it's being kept on exchanges and not moved, or when it's used, it's used with lightning? Any other reason? It's Bitcoin knots helping as well?
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0 sats \ 0 replies \ @d680ecaa8e 23h
Most people sell against another crypto currency in exchanges.
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0 sats \ 0 replies \ @BlokchainB 22h
Low fees do benefit those with tiny UTXOs thus allowing every day people to touch the main chain but once block space gets scarce normal people will be priced out. So I see his point on why it’s bullish.
The return no mining is trending to zero. The lack of adequate fee revenue causes huge miners to be anxious about their future earning potential.
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0 sats \ 0 replies \ @jakoyoh629 23h
Something smells fishy. Why make it super accessible if no one's uses?
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0 sats \ 0 replies \ @nitter 12 Jul bot
https://xcancel.com/SGBarbour/status/1944009583292559367
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