Citadel Dispatch cover image

CD9: Bitcoin Transactions, Mempools, and Self Hosting with @wiz and @softsimon_

Citadel Dispatch

CHAPTER

Bitcoin and Bitcoin Transaction Fees - The Same Concept of Digital Scarcity

The price of Bitcoin goes up because the number of BTC is scarce, capped at 21 billion. The same exact concept of digital scarcity applies to space in the Bitcoin's blockchain itself. Every block only has a finite amount of space in it. And this is why we started the menpool space project. Because it's going to track that market for the price of menpool space and bit and chain space right? It's the same concept. If you believe that the price of Bitcoin is going to go up, then you must also accept the price of Bitcoins transaction is going up. But one might argue that. You know, one sat is going like I believe in sat and parody for instance,

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner