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0 sats \ 0 replies \ @SimpleStacker 13h \ parent \ on: Sitting here at Steak n Shake eating fries. What's the problem with Bitcoin now? bitcoin
How did fees reach 500sats/vb+ back in the first few ordinals and runes waves?
It was a fad. I hope they lost a buttload of bitcoin.
How much would you have to pay Google Drive or Drop Box for uncensored data storage for 1000 years?
Byte for byte, it's still probably cheaper to store your data on google drive / drop box
What if you are a government actor that can print money for fees?
That seems like a risk regardless of non-monetary data rules on bitcoin
There is limitless demand for data storage. And v30 just invited a lot more data storage users to bitcoin.
IMO, your analysis of the source of the demand is wrong. If what they wanted was actually just data storage, there are other much more efficient ways.
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