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63 sats \ 0 replies \ @standard_sats 2 May \ parent \ on: JPEGS or no JPEGS... Bitcoin dies without Fee Pressure. THAT is the Truth bitcoin
It is cyclic. It is embedded.
Since LN provably put many transaction offchain (it is not me who proved it is surprisingly US FED), we have relatively low fees now.
Some new tokenization protocols increased them for a short time which is consequence of them being onchain.
So the pressure is adequate to adoption levels.
High pressure > Tech for scaling > Low pressure > Higher adoption > ...
You think it half way. Fiat channels is just a go-to-market strategy to ease pain of e.g. TRON USDT.
It's all may serve well to the Bitcoin-only economy because it allows for example bitcoin-priced commodity futures contracts. Lending too at least for when fiat currencies still exist.
Definitely. We ran a synthetic stable native to Lightning and have gotten very toxic responses sometimes. But always these were westerners. It is unlikely they have challenges when saving in Bitcoin.
Yes.
Some users could open hosted channels via OBW and because it was relatively robust wallet, it didn't really require much maintenance so people could use it still.
You mean basically that purchasing power increased. Generally I agree that people exercise it during transaction settlement.
The author missed the point. Bitcoiners are mostly cantillionaires. And he missed the innovation moment too, because setimes bitcoiners save and later have an opportunity to innovate. Not particularly successful though because other are cantillionaires.