ODELL on Nostr: After the 2017 bitcoin fee spike we had six years of relative quiet to build tools ...
After the 2017 bitcoin fee spike we had six years of relative quiet to build tools that would be robust in a sustained high fee market.
Fortunately our tools are significantly better now but many still need improvement. Most of the pain points we see today will be mitigated.
The reality is we were never going to be fully prepared - pressure is needed to show the pain points and provide strong incentives to mitigate them.
It will be incredibly interesting to watch how projects adapt under pressure. Optimistic we see great innovation here.
Published at
2023-05-08 18:06:30Event JSON
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"content": "After the 2017 bitcoin fee spike we had six years of relative quiet to build tools that would be robust in a sustained high fee market.\n\nFortunately our tools are significantly better now but many still need improvement. Most of the pain points we see today will be mitigated.\n\nThe reality is we were never going to be fully prepared - pressure is needed to show the pain points and provide strong incentives to mitigate them.\n\nIt will be incredibly interesting to watch how projects adapt under pressure. Optimistic we see great innovation here.",
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