Yeah 23. Was like 40$ for a L1 to go through. How embarassing to explain to newbs that this is what Bitcoin is for. Yeah L1 volume has been meager since.
Storm is on horizon is what im saying. It'll be Stablecoinz, tokenz, and then... Tail emissions and 21+ million.
And miners will just mine the fed coin inspite of what pleb node runners are wanting.
Once fiat elites are exercising power, the water becomes much more murky.
Godspeed to whatever "bitcoin" becomes.
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Also, appears David Baikey didn't run out of money. Well tap wiz did maybe... But he keeps on grifting and scamming through other means now.
$NAKA ππ«₯
Given a long enough timeline, I don't see on-chain being viable for smaller transactions anyway.
Perhaps.
Hard to say.
Just hope it doesn't become like the past...
"Why hold your own Gold when you can deposit it for an IOU Bank Note?" -->
"We'll even pay you deposit interest!" -->
"Oops... We are exchanging your Gold to the Feds, cuz it's the law now... but just keeping using the pieces of paper!" -->
π£
"Just buy our stock/ETF/token/IOU (MSTR, NAKA, STRC...) ... L1 is too slow/expensive/risky" -->
"You don't need to access the real thing. Just use the derivative." --->
"Node running is expensive and self custody is risky."
π€πΆβπ«οΈπ³