It's cheap due to lack of interest of transacting onchain at the moment.
I can only speculate, but the reason I personally almost never move my onchain btc is the horrendous surveillance-friendly lack of privacy and very weak pseudonymity the experience provides.
I would never pay for anything with onchain Bitcoin. And I doubt I'm the only one.
papafigos / Papa Figos
npub1r5…333vz
2025-02-02 11:53:42
in reply to nevent1q…3m6j
Author Public Key
npub1r5yzptzufjehaduv3du9tlrav4ws9edwuu338s2a06haamc6xlfsf333vzPublished at
2025-02-02 11:53:42Event JSON
{
"id": "fbf95a1d117df6705a239ed124b80859e1e48336e3a05c34c61cd409770e5859",
"pubkey": "1d0820ac5c4cb37eb78c8b7855fc7d655d02e5aee72313c15d7eafdeef1a37d3",
"created_at": 1738497222,
"kind": 1,
"tags": [
[
"e",
"a584bf19fe1f12f272aee7de54fa878a7ce9ae0916cf538e46e86ff43e01b689",
"",
"root"
],
[
"p",
"19fefd7f39c96d2ff76f87f7627ae79145bc971d8ab23205005939a5a913bc2f"
]
],
"content": "It's cheap due to lack of interest of transacting onchain at the moment.\n\nI can only speculate, but the reason I personally almost never move my onchain btc is the horrendous surveillance-friendly lack of privacy and very weak pseudonymity the experience provides.\n\nI would never pay for anything with onchain Bitcoin. And I doubt I'm the only one.",
"sig": "160984842c39087d3110992824d4f500f64cb4e46cb832c3ee0b1a7c6aec5f64ce653e374b289d4420d2d2538beee8f577f1fd2bd1be91a1b0a4e0a87ddb878c"
}