Post
Topic
Board Bitcoin Discussion
Re: Mempool Observer Topic
by
nutildah
on 24/12/2023, 10:29:12 UTC
And as i stated on different thread, not many people bother opening LN channel when it costs them several dollars to do so.

If you have a business that depends on making several Bitcoin transactions a day, and you're stuck in a high fee environment that appears to be prolonged, wouldn't it be more cost efficient to pay a really big fee once rather than several big fees for an indeterminate amount of time?

Several major exchanges will swap your BTC for LN or Liquid BTC for a zero % charge.

And I know we're not supposed to talk about it, but yes, using alts to move wealth around is also a decent solution. Although Dogecoin is also suffering from full blocks thanks to Doginals and the like, it handles the surplus of transactions very well. After all, blocks are produced 1 per minute. The average fee still remains less than 1 cent. The only downside is the chain is growing at a rate of close to 500 MB per day.