Oddbean new post about login | logout okay, who made the mempool go crazy while i was away? these fees are wild!
That will pass too
in the meantime, it's showcasing issues with Lightning, such as forcing people to use custodial wallets.
Exactly which is why I laugh at the non custodial lightning faction. Even they can't justify the custodial lightning usage now for most people. The current best tradeoff for most people right now is custodial lightning with liquid combined. The tradeoffs is there but not as a result of high fees which most people have would make .
i just can’t even look anymore 🙈
i'd like to open a a lightning channel here at some point :(
meh, they'll run out of corn soon. and if they don't then I guess their use-case of dumb jpegs justifies itself.
running out of money may take a while as long as new marks keep showing up to buy them.
i mean, if their use case is economically viable then who am i to tell them what to do. at the end of the day block space is there for everyone to bid on, 🤷♂️ kinda lame that btc apparently makes more sense as a jpeg database than a payment system for the average joe kinda fun seeing block tx fees = subsidy oh, and I had to disable forwards on my node because a FC at this fee rate would annihilate me, funny how that works 😅
Exploiting a vulnerability is usually profitable. That's why people do it.
THEM!
those jerks.