Ordinal NFT data inscriptions likely won't bring consistent block space demand for the next 100+ years.
If the world adopts the Lightning Network as a global payments network, there may be nearly infinite demand for opening (routing) channels at a low enough transaction fee.
For example, node operators may know if they can open a channel at ~20 sats/vbyte it will be profitable.
Approaching 1 sat/vbyte, there may be nearly infinite profitable Lightning channels to be opened. However because of this, the mempool may find equilibrium at ~3 sat/vbyte.
This isn't necessarily good or bad. Just how it may play out.
3cap / Joe Burnett
npub1z5…zmqhw
2023-02-27 00:20:09
Author Public Key
npub1z5ds93lv6uky7n4676txw7aqp9qdcyhs00qdsmy96s4k6qd8rvaqnzmqhwPublished at
2023-02-27 00:20:09Event JSON
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"content": "Ordinal NFT data inscriptions likely won't bring consistent block space demand for the next 100+ years.\n\nIf the world adopts the Lightning Network as a global payments network, there may be nearly infinite demand for opening (routing) channels at a low enough transaction fee.\n\nFor example, node operators may know if they can open a channel at ~20 sats/vbyte it will be profitable.\n\nApproaching 1 sat/vbyte, there may be nearly infinite profitable Lightning channels to be opened. However because of this, the mempool may find equilibrium at ~3 sat/vbyte.\n\nThis isn't necessarily good or bad. Just how it may play out.",
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}