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0 sats \ 0 replies \ @xz 16 Jul \ on: Empty Blocks being mined with fees under 1 sats/VB mempool
It dies seem weird, after the last few years. Three reasons I'm not surprised.
- Lightning and other layered settlement keeps getting better, enabling payments, global payment merchants on L2
- There is no current trend of wasting Bitcoin on data transactions, just because it can be done
- Liquid but scarce capital should behave less like less scarce and less liquid capital (cash)
At 935.5 EH/s hash power, seems efficiency is just taking care of the current global population' needs.