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10 sats \ 2 replies \ @standard_sats 1 May \ on: JPEGS or no JPEGS... Bitcoin dies without Fee Pressure. THAT is the Truth bitcoin
It is just lightning offloading plenty of stuff off-chain. Pressure exists
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0 sats \ 1 reply \ @028559d218 OP 1 May
No, it doesn't not at 1-2 sats/vb. Pressure ultimately has to come from monetary transactions - the send, store, and receive.
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63 sats \ 0 replies \ @standard_sats 2 May
It is cyclic. It is embedded. Since LN provably put many transaction offchain (it is not me who proved it is surprisingly US FED), we have relatively low fees now. Some new tokenization protocols increased them for a short time which is consequence of them being onchain. So the pressure is adequate to adoption levels.
High pressure > Tech for scaling > Low pressure > Higher adoption > ...
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