Timechain on Nostr: Avg fees as a percentage of total block reward right now is over 16%. Pretty awesome, ...
Avg fees as a percentage of total block reward right now is over 16%. Pretty awesome, numbers like this usually only happen when the NGU starts to cook more. I know a lot of people like to say inscriptions don't pay their share (and maybe they don't) but, it has caused this to happen. And because of them, we likely won't really have empty blocks anymore. These things make me more confident than ever when people try to fud us about the long-term viability of Bitcoin's security budget WITHOUT a tail-emission policy. 21 million is non-negotiable.
Published at
2023-05-07 02:23:05Event JSON
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"content": "Avg fees as a percentage of total block reward right now is over 16%. Pretty awesome, numbers like this usually only happen when the NGU starts to cook more. I know a lot of people like to say inscriptions don't pay their share (and maybe they don't) but, it has caused this to happen. And because of them, we likely won't really have empty blocks anymore. These things make me more confident than ever when people try to fud us about the long-term viability of Bitcoin's security budget WITHOUT a tail-emission policy. 21 million is non-negotiable.\n\nhttps://i.imgur.com/Vs1dG6l.jpg",
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