Nick Hansen (Luxor) on Ordinals, Blockspace, and Mining Pools (EP.407)
On The Brink with Castle Island
00:00
Eth
The reason there were these big spikes in fee volume is because there was a race. You needed block space and you needed like right now in ordinals. As we see different mint mechanics, like the way that Bitcoin punks do it or some of these others, folks will pay up a lot to get those in. And so as new mint mechanics come around, I think we'll see more interesting and compelling transaction fee volume. It seems like right now, box are effectively always full,. Whether they're paying one megabot or one sat or 30, they're almost always full.
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