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228 sats \ 5 replies \ @Eobard 28 Dec 2023 \ on: Bitcoin fees, a worrying trend bitcoin
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Fully agree
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In 2021 and 2022, I mostly only had on chain transactions in my store. This year it was almost entirely lightning. Merchants will adapt, and maybe even need an incentive (saving on fees).
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Exactly, like the internet bitcoin scales in layers, from strong quasi immutable layer 1 (on chain) to layer 2 (LND/CLN) and layer 3 is already coming (Fedimint, Cashu), each layer providing its own set of trade-offs when it comes to cost, speed and privacy. Painful moments ahead during the transition but all part of the process. Remember videos from Andreas Antonopoulos about ten years ago and saying that the internet kept failing to scale
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