jan on Nostr: Higher tx fees on Bitcoin equal (temporary) deflation since a lot of coins become ...
Higher tx fees on Bitcoin equal (temporary) deflation since a lot of coins become immovable (tx fee > balance).
When (if) mempool cleans out again, people should think about consolidating UTXOs and moving smaller amounts off-chain.
Published at
2023-05-03 20:37:36Event JSON
{
"id": "66a38ef253e585d4eacfc4d88177fdf6239bac64f9d03cbd209eca084777850f",
"pubkey": "ea4c142f59e0e6b3c65cad5abac1118319258b9a0b0fa4597f8fda8eb27035e9",
"created_at": 1683146256,
"kind": 1,
"tags": [],
"content": "Higher tx fees on Bitcoin equal (temporary) deflation since a lot of coins become immovable (tx fee \u003e balance). \n\nWhen (if) mempool cleans out again, people should think about consolidating UTXOs and moving smaller amounts off-chain.",
"sig": "f931091473d8c609c623889c4ffd8b170d30f4fb3720cc9a3ebb8c21b2cc9d5377d4572fed4fb34d887665244f5ed1bb4cbc2bae526285ee7361f8f9a3085c6e"
}
