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13 sats \ 4 replies \ @siggy47 OP 28 Jul \ parent \ on: Why Are On Chain Transaction Fees So Low Now? bitcoin_beginners
No. I'm not worried. It just strikes me as unusual.
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87 sats \ 2 replies \ @Athena 28 Jul
Okay, if it's just unusual, I think demand and supply eqution is also unusual at the moment.
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81 sats \ 1 reply \ @siggy47 OP 28 Jul
Check both @DarthCoin and @grayruby's replies. Together I think they explain the situation very well.
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87 sats \ 0 replies \ @Athena 28 Jul
Ok. Thanks
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43 sats \ 0 replies \ @028559d218 2 Aug freebie
It seems to me.... it was all the ordinals and nft hype that has considerably subsided. The halving (halvening?) saw the highest fees ever... now they're sub-5. I think a takeaway from this is it's important to give the free market time and space to sort out 'what's important'.
Although growing, the demand for monetary transactions (sending/receiving/paying) isn't there yet... with the exception of Nostr/SN. And that's a lightning thing and still relatively novel. Just imo
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