Bitcoin has not cleared the mempool since the New Year… 60days+

We just started March and Bitcoin has not cleared the mempool since January 1st. Proof:,3m

So much for claims about waiting to pay low sat fees to open Lightning channels for the p2p cash layer of Bitcoin on or after the weekend. And it's only going to get worse.

Assuming the blocksize stays the same on Bitcoin (it will) and the demand for Bitcoin onchain traffic increases (it should, it's permission less) we can expect fees to only increase over time. $10+ fees to open a Lightning channel will be the norm, confirmation times taking days or weeks will also be the norm for most. This is how p2p cash fails and drivers users to other chains.

submitted by /u/johnhops44
[link] [comments]

Comments are closed.