BenGunn on Nostr: Why should blockspace be nearly free forever? If the network becomes more sought ...
Why should blockspace be nearly free forever?
If the network becomes more sought after, the price to update it should also rise.
Your HODL'd sats hedge you against this. The first and only native use of UTXO's is to update the timechain.
Bitcoin also makes a good form of money, but its only 'guaranteed' place of acceptance is to pay fees on the network.
Published at
2023-05-07 11:04:43Event JSON
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"content": "Why should blockspace be nearly free forever? \n\nIf the network becomes more sought after, the price to update it should also rise.\n\nYour HODL'd sats hedge you against this. The first and only native use of UTXO's is to update the timechain. \n\nBitcoin also makes a good form of money, but its only 'guaranteed' place of acceptance is to pay fees on the network. ",
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