Nick Hansen (Luxor) on Ordinals, Blockspace, and Mining Pools (EP.407)
On The Brink with Castle Island
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Bitcoin Block Space
A Bitcoin transaction is so comparatively small that even if they have to pay 50 Sats per V-Bite, the dollar amount is still very low relative to other things. So for example, like sending a transaction between you and I at one sat's probably 10 cents, 20 cents maybe. That number would be significantly higher if we were at 50,. It'd be cost me $10, which maybe you and me is not a ton. But if we're trying to build internet money for everybody where $10 is a lot, maybe that's like their daily income...that certainly does impact users of Bitcoin in a negative way.
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