washburn on Nostr: Low fees are good if you regularly transact with bitcoin but low fees could indicate ...
Low fees are good if you regularly transact with bitcoin but low fees could indicate a low number of active participants in the bitcoin network which could be seen as negative since we want lots of participants.
My take: Historically high prices combined with low fees means low retail participation. Of course, retail could be active on exchanges which doesn't directly show up on chain.
Published at
2025-01-29 11:41:30Event JSON
{
"id": "1979d5c7bc0eb00a08f0077e209a6f75f61be8bffe358ee08e6a7b71d6d3ee07",
"pubkey": "be0fee9d201b9c083440ea24e7552adec8ce4cdc03b8b8058945bcde89c72aaf",
"created_at": 1738150890,
"kind": 1,
"tags": [
[
"e",
"2f88c294fb09bd3a45b9b894dff18dc65f696cd0d8738479dff5fa86224e9a53",
"",
"root"
],
[
"e",
"ca891460aca312b16b4c3db76b1434c0da5ac66e8cded62f8f06796051c05f25",
"",
"reply"
],
[
"p",
"a60e79e0edad5100d7543b669e513dbc1c2170e8e9b74fdb8e971afd1e0e6813"
],
[
"p",
"eb80a04d7adb9059777470a75d7e878f44412fc014c8e1c0edf0bf4e0b8e408c"
]
],
"content": "Low fees are good if you regularly transact with bitcoin but low fees could indicate a low number of active participants in the bitcoin network which could be seen as negative since we want lots of participants. \nMy take: Historically high prices combined with low fees means low retail participation. Of course, retail could be active on exchanges which doesn't directly show up on chain. ",
"sig": "34743778f623bf2ca8cd056112ebf5b91b469798608ef2ba5d2a214b0073270146f71cd30d5d90d4cf465f9f6007ff2c840cdd52e5d230c90724c54978d14153"
}
