Oddbean new post about | logout
 The only conclusion I draw from this is people ain't interested in transacting on this ledger.

Storing, sure. Regularly transacting, nope. 

A damn shame.

https://m.primal.net/MYOk.png  
 It will come. 
 Bitcoin L1 will only ever be a store of value at best at this stage, thanks to the direction it has taken. That's the direction everyone has pushed it in, and well, this is the result. Couple hundred here, couple hundred there.

I guess VISA will worry about the TPS. "Thanks, Saylor." 
 I remember that transacting on L1 during 2021 boom was expensive and slow, and L2 wasn't there. So why bother?