Replies (24)
Ahora es cuando recibís otro millón de Odell 😅
It’s a beautiful thing. Fees up. Fees down. Forever.
Responsively Resistant Security. The fee market responds when/if there’s competition to transact from scammers, spammers, or those trying to censor transactions (those censored have a way around it). Forcing them all to pay, then pay, then pay again. Most run out of resources. Users will have to work in the real world to afford to pay the extra-fees or wait longer for transaction finality. I’m good with both. I can out-work and out-wait the *scammers*
A clear mempool mean more HODL and less moving.
What I want to know... Will my bitaxe have a better chance at mining a block...
ya what kind of left curve take is this
The mempool clearing is good clickbait material
Anyone trying to build on top of Bitcoin can take advantage of times like this managing their channels and what not.
surprised it cleared to be honest.
April 2023:
Yeh...I think I prefer a clear mempool 😅
Marty Bent
The mempool clearing isn’t a good or a bad thing. It just “is”. People fear mongering and trying to cast current or past mempool states onto the future (whether it’s completely flooded or completely empty) are short sighted.
Usage will ebb and flow and so too will mempools.
Without a permanent and sufficiently high fee market, security of BTC can't be guaranteed. It's not YET a bad thing because we still have block rewards.
Wait a couple of years until you understand the problem.
It would appear that people are hodling on chain and using L2s as away to move sats around. Supply shock settling in soon?
FEES high WINNING
FEES low WINNING AGAIN
The only thing Bitcoiners are good at is moving goal posts. They are not able to define an optimum spectrum that works best.
As soon as we leave the optimum for ONE or the OTHER direction we are in unsustainable territory that will endanger the survival of the project.
Marty Bent
The mempool clearing isn’t a good or a bad thing. It just “is”. People fear mongering and trying to cast current or past mempool states onto the future (whether it’s completely flooded or completely empty) are short sighted.
Usage will ebb and flow and so too will mempools.
No
I’m with
@Marty Bent on this. Just because you are listening in a conversation and not saying anything, doesn’t mean you won’t have important things to say in the future of said conversation. #bitcoin is a never ending conversation between buyers and sellers. That’s all.
Volume ebbs and flows from the shoppers in retail stores to stocks trading on wall street. Volume begets volume and nobody wants to be the first one to the party.
looks like hodlers are hodling hard!!
If i won 1 million sats and was able to consolidate utxos for practically free at the same time id say mempools clearing is absolutely a good thing
Ok 👍
This is why MoE MUST be heavily prioritised now. (Ie Circular Economies) SoV alone is not enough to secure the network in the future.
More Maxis need to get off their high horses and embrace this fact….🙏🏻
check network Hashrate
Free and open markets are hard for people to wrap their heads around.
Everyone has their own ideas for how to make the market fit into their mental model rather than embracing and adapting to the market. It’s fiat thinking.
I don’t really get this almost apathetic stance.
Empty mempool + reducing subsidy equals a problem right?
I honestly think it’s short sighted to not think about this issue and just cast it into the future.
Not arguing that we can get to a decisive answer or that it will become a problem, but labeling discussions about it as fear mongering is not productive imo.
What’s counterproductive is worrying about a non-issue.
Is bitcoin still decentralized and secure? Yep, on with my day.
Is 40% of this hashrate produced by a handful of public US companies?
Is F2pool censoring OFAC tx’s?
Does the biggest two pools have +50% hashrate?
Is hash price at an all time low?
Yup, on with my day.
And yet it remains decentralized and secure…
I responded to your point that the mempool clearing is some sort of issue for bitcoin, which is it not.
Mining centralization is a different conversation, and not complete non-issue like the mempool clearing. So unless you want to support your claim that it is a real issue for bitcoin I don’t have anything else to add.
We’re all on the same team here, I’m just adding my two sats because it’s important to avoid the noise.
💯
