0 sats \ 2 replies \ @0xIlmari 30 Dec 2023 \ on: Bitcoin fees, a worrying trend bitcoin
It's not at all worrying, we knew from day 1 that at the margin, miners will only make money from fees.
High fees were inevitable, they just happened faster than most expected due to an unanticipated side effect of introducing SegWit and Taproot upgrades.
Keep calm and use Lightning.
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0 sats \ 1 reply \ @phygit OP 30 Dec 2023
Lol, "miners only making money from fees" is supposed to happen in 120 years....
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0 sats \ 0 replies \ @0xIlmari 30 Dec 2023
That's the "at the margin" state when subsidy goes to 0. Surely you didn't expect this switch to happen overnight? Surely you're aware that this would be a multi-year, if not multi-decade, transition period?
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