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0 sats \ 0 replies \ @OgFOMK 5 Jan \ on: Opinion wanted: when will the Ordinals nonsense be over? bitcoin
Human Action, by Ludwig Von Misses.
People will act because they believe it will make them happier. There is no particular action that guarantees happiness but INDIVIDUALS will act for their believed best interest. Even self destructive behavior is meant to achieve a purpose.
Why would anyone poop their pants? Because they can.
I hate the mempool fees but I don't hate the mempool, miners are even the ordinal crowd. The ordinal crowd are using the easy Fiat they have to prove a point. It's called DaDa. Fiat art.
Personally, I don't fully understand how Bitcoin works and there are others that understand it better. I need to be patient, educate or walk away.
I think if businesses want to settle monthly on chain or do large item purchases and they figure in the miner fees and it is seen as better money, then it won't matter.
Conversely, we can learn to earn sats, run Lightning and settle when fees are low.
Bitcoin is deflationary so the fees should go down as Bitcoin buys more electricity for less. Miners may need to become more independent and some may become activists.
We just need to learn the technical aspects of Bitcoin or trust the system.