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Meme Mania: Why You Should Pay Attention | 1000x
0xResearch
Bitcoin's Miners Are Doing Pretty Well
GBTC has outperformed Bitcoin this year, but pretty much nothing else in crypto land has with the exception of a few smaller protocols. All despite activity going through the roof, all of those fees are paid not to the holders of Bitcoin, but to an extractive third-party entity, miners. And so, what you get is you just get a worse dynamic because the more activity that exists on Bitcoin, actually, the more supply of Bitcoin is probably going to hit the market. It also deteriorates the user experience.
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