Day 2 Halving Countdown - Bitcoin as a Reserve Asset + Consolidating UTXOs
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- Опубликовано: 26 сен 2024
- In this video John explains why he believes Bitcoin could some day become a reserve asset and the implication this has for Bitcoin holders in a small block / high fee environment. He also shares how high demand and high fees to use artificially small blocks could result in certain users not being able to spend their bitcoin.
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referenced in the video:
watcher.guru/b...
mempool.space/...
based on the present negative price momentum, i am not sure that the bitcoin 'halving' means that bitcoin will lose half its value at this juncture. acting very weak.
I tried to buy $100 BTC yesterday from a friend. Lightning wanted $9 fee! WTF?
Never seen that on lightning.
Sounds more like an on-chain fee. You sure you were on the LN?
or maybe using a custodial app and it was the app fee? I'm not a fan of LN, but fees are next to nothing.
Lots of people in Berlin, El Salvador, and el Zonte , El Salvador, and many other cities throughout the world are developing circular economies using BTC. I believe the block size limit was very important and BTC made the right choice in the block size wars.
how many are using non custodial solutions though?
or does that matter to you?
It does matter to me. Some are using custodial and some non custodial. More and more each year are learning. Just like most of us it takes a few years for some to grasp the importance of. Bitcoin. Self custody is important which is why I use Zeus, Phoenix, Aqua, and Mutiny and Breez. Aqua has become my favorite to help new people including my mom and dad, both over 80. Teens. My wife. You are doing a good work. I just don’t see the bitcoiners I know saying that Bitcoin has moved “away” from payments and focused only on store of value. Nearly all still promote and do payments. Spend and replace of course.
glad to hear it! I'd be happy to hear if most are using non custodial solutions. All good. The movement is growing and that is positive for sure.