Morpheus on Nostr: I think that BTC transactions on-chain getting expensive is good overall. If you ever ...
I think that BTC transactions on-chain getting expensive is good overall. If you ever witnessed other crypto chains getting spammed, it can render the chain almost dysfunctional. When the cost is cheap, value games can be played with almost no punishment. Conversely, when there is a heavy cost, value games are short lived and dissipate quicker because it is not +EV to continue speculations long term. The chain can be rented out to whomever, but will eventually always resettle to its appropriate cost of value transfer.
Published at
2024-04-30 21:20:16Event JSON
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"content": "I think that BTC transactions on-chain getting expensive is good overall. If you ever witnessed other crypto chains getting spammed, it can render the chain almost dysfunctional. When the cost is cheap, value games can be played with almost no punishment. Conversely, when there is a heavy cost, value games are short lived and dissipate quicker because it is not +EV to continue speculations long term. The chain can be rented out to whomever, but will eventually always resettle to its appropriate cost of value transfer. ",
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