Layer 1 Bitcoin is for buying Lambos & mansions.
Layer 2 Bitcoin is for buying coffee & drugs.
H/T @MadBitcoins
@badslinky @ChrisPacia Fee market is fundamentally priced in satoshis per byte because that’s what all of the miner… https://t.co/IGP09GN0XZ
@badslinky @ChrisPacia Gotcha; I think one of the fundamental misconceptions here is that humans are often deciding… https://t.co/WEcLy8UjFf
The fundamental problem with ICOs is that Ethereum has insufficient privacy to protect participants from government interference.
@badslinky @ChrisPacia Depends upon if demand is greater than or less than the current capacity of the network 😃
@jimmysong I trust you a lil’ bit, Jimmy pic.twitter.com/abITOiWXe9
@mhluongo @BitGo @morcosa Yep: https://t.co/KQ3LBUwgpS
@kshitishb I sure will!
I pose to you the inverse holds true. https://t.co/g1yBbtLZ3e
muneeb My PhD thesis, which takes a deeper dive into the design & performance of a new decentralized internet, is online: muneebali.com/thesis
@Paul_Goldstein To get into the top 1MB of the mempool would currently require paying around 140 satoshis / byte. F… https://t.co/KD7sqza5pD
@richcollins Click “back to dashboard” to see more charts. Next block fees will generally be much higher since ther… https://t.co/JdRoBDm9QA
@bitsewa @loop Yes, the documentation is here: bitgo.com/api/
Observe: the folks who are winning the fee estimation game are undercutting the competition by 70% to 90%.… https://t.co/UPaDvPqK7H
@richcollins Those estimates are overpaying by a huge amount. Compare and contrast: https://t.co/k6IU52bIXE
@Paul_Goldstein Fee estimates never stay the same. You can see the historic 6 block fee estimate target here https://t.co/XnzcW5eYMn
@Paul_Goldstein Looks like it confirmed in 16 minutes https://t.co/BzMSdsEgb1
@Truthcoin @badslinky @ChrisPacia That’s certainly understandable from an economic standpoint; I’m just saying Bitc… https://t.co/Do2I71t295
Propaganda worth propagating! pic.twitter.com/VS8Td9ffst
@badslinky @ChrisPacia You’re talking human side of market - I’m talking machine. A single txn can vary widely in f… https://t.co/iV2FZA077O
@badslinky @ChrisPacia The market only cares about satoshis per byte. On a per-txn basis it does make sense to disp… https://t.co/0AtwsqXdqB
@drwasho 5 satoshis per byte.
@ChrisPacia I don’t track fees in dollars because that’s nonsensical. Our fee estimates fell below 5 satoshis per byte.