Oddbean new post about login | logout And how's the security budget looking under your future low blockspace demand? I'd say not very healthy at all. Bring on sustained high fee environments, bring on a need for L2 innovations as a result.
Yes. Or otherwise you risk not being able to run bitcoin at all. High fee environments are supposed to be a payoff to the miners, incentivicing home miners and forcing whales to let their bitcoin be sent to the workers (miners).
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Hmmm. I think we're saying the same thing? ) Runes brings all the miscreants home to The God Chain. 2) Blockspace becomes more scarce as a result. 3) Miner win, plebs win. 4) People HAVE to use LN which is fair to say most don't have a need at present.
Which means that whales have to pay you for securing their big amounts of transactions. The average user can use lightning network without high fees but to be secure you need to pay the miners. It will make business more profitable for you so that you can keep mining to keep my bitcoins safe.