Looks like in the entire world right now there's only 0.7 Bitcoins of demand for blockspace.

A little over $65k is the sum total of the entire world's desire to transact with Bitcoin.

And it isn't like we're in the depths of a Bitcoin winter. We're on fire on the world stage right now.

Starting to think this is why the covenants bros are all spam apologists - because without scammers fighting to fill up the chain with garbage, discussions become academic around mitigating the cost of transacting with Bitcoin and you have to keep trying to motivate people by invoking future disaster scenarios.

Until OP_DROP_CGT catches on, medium of exchange is going to take a back seat anyway. Capital gains tax is forced hodl but doesn't allow Bitcoin to be used as a real money. It's a joke and needs to be scrapped ASAP.