Post
Topic
Board Bitcoin Discussion
Re: Mempool Observer Topic
by
ETFbitcoin
on 24/12/2023, 09:45:53 UTC
It’s crazy how you can look at Ethereum and see 20 gwei fees but you look at bitcoin and see 200 sat/btye fees. However I think most have adopted after 2017 and rarely use bitcoin for small transactions. Most use l2 these days or altcoins.

Ethereum have some popular sidechain though, especially Polygon which offer lower fees and faster confirmation.

I see we're currently back up to almost 100 sat/byte. Boo, who is minting shittokens on Christmas Eve?  Cheesy

Someone probably think it's good idea to create Christmas themed NFT.

Here's a good conspiracy theory: Ordinals is actually a trojan horse designed to force people to adopt L2 solutions like Lightning and Liquid. This appears to be where the future is headed. Guess I'm gonna learn how to do Lightning on Electrum.

And as i stated on different thread, not many people bother opening LN channel when it costs them several dollars to do so. And while you can buy Bitcoin located on sidechain,
  • It requires you to use altcoin or fiat to avoid creating Bitcoin on-chain TX fees.
  • If sidechain become more popular, someone have to create on-chain TX in order to "move" Bitcoin on-chain to sidechain.