Granted I may be naive, but I can’t quite figure out why everyone has made such a big deal out of the mempool.
Sure, fees are high, but isn’t this process also subjected to supply/demand? When the price goes above what people are willing to spend, only those who “have to” take that deal are going to.
Why shouldn’t we assume that the desire not to spend so much in fees will drive the price lower once again? What am I missing?
ancepsinfans / zach
npub1n7…5n987
2023-05-09 18:54:24
Author Public Key
npub1n7rf4qudv5xc8j70zku09cmxhp9nklmxl9uf4acefas2p07ha3lq75n987Published at
2023-05-09 18:54:24Event JSON
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"pubkey": "9f869a838d650d83cbcf15b8f2e366b84b3b7f66f9789af7194f60a0bfd7ec7e",
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"kind": 1,
"tags": [],
"content": "Granted I may be naive, but I can’t quite figure out why everyone has made such a big deal out of the mempool. \n\nSure, fees are high, but isn’t this process also subjected to supply/demand? When the price goes above what people are willing to spend, only those who “have to” take that deal are going to. \n\nWhy shouldn’t we assume that the desire not to spend so much in fees will drive the price lower once again? What am I missing?",
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}