I’ve seen a lot of discussion about on-chain fees, both here and on X in recent weeks.
What are your thoughts on the current fees, and how do you see the impact of fees in the future?
100 sats \ 1 reply \ @lv99_slacker 25 Dec 2023
It sucks. I'm still learning a lot about how bitcoin works. The Ordinals crap earlier this year was a wakeup call. There was a lot of attendant discussion about UTXO management. As a result, when adding corn to my stack, I try not to add anything less than 0.025 bitcoin.
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0 sats \ 0 replies \ @gd OP 25 Dec 2023
Curious to understand if you typically think about fees in $ or sats?
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100 sats \ 2 replies \ @quark 25 Dec 2023
Current fees are very expensive compared to the bear market, but they are very very cheap compared to future fees. On one side, it sucks, but on the other side, it means a successful demand and more security of the network with more miners happy.
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0 sats \ 1 reply \ @gd OP 25 Dec 2023
Do you typically think of them in dollars or sats?
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0 sats \ 0 replies \ @quark 25 Dec 2023
In sats is easier to calculate the percentage of the total fee to the sats sent. It depends, if you are converting from dollars, you may look it as dollars too.
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