Oddbean new post about | logout
 
Historically, block space is most valuable only when the price of the token also starts to go exponential.

As the #bitcoin ledger is increasingly used to store information other than just bitcoin transactions, will we see fees paid for block space decouple and increase faster than bitcoin’s price?

In other words, will the network’s value proposition shift from “monetary” scarcity to “data storage” more broadly?


https://m.primal.net/HyPs.jpg