sms on Nostr: The halving took place yesterday and runes were launched. Fees went so crazy ...
The halving took place yesterday and runes were launched. Fees went so crazy afterwards that is out weighed the subsidy from finding a block. After the halving finding a block could get you 40 #Bitcoin…
Instead of a halving was this a 6.4xing???
NO.
The subsidy + fees has peaked and is dropping from what I can tell, fees + subsidy is finally below 6.25 #BTC.
I don’t think this high fee environment will be indefinite. It’s losing steam faster than I suspected, but this doesn’t mean we won’t see a resurgence/aftershock of coordinated hype, which is either a purposeful attack or degenerate naivety that makes the base layer unusable for the average person. While the extent we have seen so far is tolerable, it does give reason to heed caution moving forward. Maybe we have seen the worst of it, but there’s a chance we haven’t.
I worry malicious actors *cough cough* nation states might target this vulnerability to FUD #BTC and FOMO their own fiat currency/CBDC. My paranoia is a defense mechanism against future crises, but sometimes it’s just paranoia, I hope I’m just being paranoid.
Don’t be mistaken #Bitcoin’s issuance of new coins has been halved, but miners, specifically corporate miners, are getting more coins than they would in a perfect world.
I understand the hype for corporate miners, but sometimes I get the feeling they are overhyped selling pressure that haven’t done much to stimulate the circular economy, particularly when it comes to purchasing energy with #Bitcoin.
No matter the case, I’m bullish af on #Bitcoin.
We are still in the early stages of this bull run. We are still in the early stages of #Bitcoin.
Published at
2024-04-21 04:28:17Event JSON
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"content": "The halving took place yesterday and runes were launched. Fees went so crazy afterwards that is out weighed the subsidy from finding a block. After the halving finding a block could get you 40 #Bitcoin…\n\nInstead of a halving was this a 6.4xing???\n\nNO.\n\nThe subsidy + fees has peaked and is dropping from what I can tell, fees + subsidy is finally below 6.25 #BTC. \n\nI don’t think this high fee environment will be indefinite. It’s losing steam faster than I suspected, but this doesn’t mean we won’t see a resurgence/aftershock of coordinated hype, which is either a purposeful attack or degenerate naivety that makes the base layer unusable for the average person. While the extent we have seen so far is tolerable, it does give reason to heed caution moving forward. Maybe we have seen the worst of it, but there’s a chance we haven’t.\n\nI worry malicious actors *cough cough* nation states might target this vulnerability to FUD #BTC and FOMO their own fiat currency/CBDC. My paranoia is a defense mechanism against future crises, but sometimes it’s just paranoia, I hope I’m just being paranoid.\n\nDon’t be mistaken #Bitcoin’s issuance of new coins has been halved, but miners, specifically corporate miners, are getting more coins than they would in a perfect world. \n\nI understand the hype for corporate miners, but sometimes I get the feeling they are overhyped selling pressure that haven’t done much to stimulate the circular economy, particularly when it comes to purchasing energy with #Bitcoin.\n\nNo matter the case, I’m bullish af on #Bitcoin.\n\nWe are still in the early stages of this bull run. We are still in the early stages of #Bitcoin. https://image.nostr.build/4fd81827be370776f523da2ede78fb97964a930f42bc618cf79567fabab74bc9.jpg ",
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