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10 sats \ 3 replies \ @shyfire 13 Apr 2022 \ on: Why are Bitcoin fees at all-time lows? bitcoin
Very cool thread. Anyone know why the author says "the current near-zero fee environment won't last forever" ?
Because we all assume demand for block space will increase significantly as Bitcoin adoption grows and all of these space-saving activities can only go so far. We also need there to be higher fees to incentivize mining when the block subsidy is gone.
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