Low transaction fees are great. Cat jpegs onchain didn’t catch on I guess. But.. It is also indicative of many people using custodial services instead of being sovereign key-holding bitcoiners. Which enables fractional reserves, paper bitcoin and price manipulation. image

Replies (8)

PiecoverBTC's avatar
PiecoverBTC 1 year ago
Small transfers are done on LN, the bigger transfers are done On-Chain. No body mind paying $10 to move $10K, but they need to move $5 they can simply send it over LN for 1 Sat
Some say ETFs are a layer 2... I say they're fiat gamblers. Our money is not your costume!
hodlonaut's avatar hodlonaut
Low transaction fees are great. Cat jpegs onchain didn’t catch on I guess. But.. It is also indicative of many people using custodial services instead of being sovereign key-holding bitcoiners. Which enables fractional reserves, paper bitcoin and price manipulation. image
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HyperTangled's avatar
HyperTangled 1 year ago
Nostr is growing as well, more bitcoiners are making use of lightning