sean on Nostr: Decent explanation / theory of the high fees recently by #[0] 👏 Disclaimer, I ...
Decent explanation / theory of the high fees recently by Ian (npub15f5…ux44) 👏
Disclaimer, I am very un-technical and is something I am working on so feel free to educate if I have shit wrong.
I selfishly think that ordinals are clogging up the mempool, but not entirely against them.
If they were more like lightning and the bulk of their transactions were able to be done off chain then every so often an onchain transaction was broadcasted, I feel ordinals would be better for the space.
But, unfortunately at the moment, I feel that they are hindering and getting in the way of people who actually NEED to use #bitcoin on a daily basis.
I am lucky, or unlucky depending on how you want to look at it, that I am able to get by using fiat for my day to day usage and use #bitcoin more as savings or future store of value.
End of rant 🫠
https://youtu.be/S74Dcq3Cmc4
Disclaimer, I am very un-technical and is something I am working on so feel free to educate if I have shit wrong.
I selfishly think that ordinals are clogging up the mempool, but not entirely against them.
If they were more like lightning and the bulk of their transactions were able to be done off chain then every so often an onchain transaction was broadcasted, I feel ordinals would be better for the space.
But, unfortunately at the moment, I feel that they are hindering and getting in the way of people who actually NEED to use #bitcoin on a daily basis.
I am lucky, or unlucky depending on how you want to look at it, that I am able to get by using fiat for my day to day usage and use #bitcoin more as savings or future store of value.
End of rant 🫠
https://youtu.be/S74Dcq3Cmc4