Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tainted_love
on 07/08/2024, 17:28:21 UTC
a free market capitalist system,
In a free market capitalist system, high prices mean efforts are made to meet the demand. What we have is centrally controlled artificial scarcity.
One could argue the efforts are to increase transaction capacity are (supposed to be) made off-chain.
Didn't the jump in fees coincide with all the NFTs shifting to the blockchain?  The resent drop in fees made me think that people finally figured out NFTs are worthless.