It's 1 sat per v byte because we are mining empty blocks. As soon as people start filling those blocks, which would be the case if people actually started really using the L1 for payments day to day, it's suddenly $50 or more to get into the block.
Contrast this with XRP, which is ALWAYS less than fractions of a cent and settled within 3-5 seconds no matter how busy the network is, and the average person that sees this will never be convinced that BTC is a better solution. They don't care about the other unique aspects of bitcoin and they never will.
If bitcoin had these issues solved, people wouldn't need to look elsewhere.
SovereignBear / Sovereign Being
npub180…jmehq
2025-04-03 08:44:13
in reply to nevent1q…m70c
Author Public Key
npub180x9vv4yuagf2w3qzmuertvv46ccee6n0wp0yh3zcz7nhyqrmzuqzjmehqPublished at
2025-04-03 08:44:13Event JSON
{
"id": "5d1ff61c732ad24e5b719b3ede6efececa273881487bc7edab9a5400213cbc4f",
"pubkey": "3bcc5632a4e750953a2016f991ad8caeb18ce7537b82f25e22c0bd3b9003d8b8",
"created_at": 1743669853,
"kind": 1,
"tags": [
[
"e",
"01156c89bd1b647ed31ee7127ef3dcc5b0cf87bb9a26621442d0a40696ebbcf4",
"",
"root"
],
[
"e",
"7c319d981250a137d0d079260f8182862369b60ddcf9c6eb7b0ef57d2e25c713",
"",
"reply"
],
[
"p",
"4d7842051782e0d3feb034d150adc2b6bae4ee3b49786793bffa468b6f5b96b3"
],
[
"p",
"3bcc5632a4e750953a2016f991ad8caeb18ce7537b82f25e22c0bd3b9003d8b8"
],
[
"p",
"e967e1cf7d140c0d06241e992280641a5791cf586cacde0cbb70484ffe6077e2"
]
],
"content": "It's 1 sat per v byte because we are mining empty blocks. As soon as people start filling those blocks, which would be the case if people actually started really using the L1 for payments day to day, it's suddenly $50 or more to get into the block.\n\nContrast this with XRP, which is ALWAYS less than fractions of a cent and settled within 3-5 seconds no matter how busy the network is, and the average person that sees this will never be convinced that BTC is a better solution. They don't care about the other unique aspects of bitcoin and they never will.\n\nIf bitcoin had these issues solved, people wouldn't need to look elsewhere. ",
"sig": "e86e34922b9c2647e97ecaa891450d5d2291c4f1324af56f0b96dc2075f8cfb95996f7d5f4f2a026ab2d0b9964babca11d0952ae477eb996bf728def0dd655a7"
}