2min chapter

Bankless cover image

NFTs Attacking Bitcoin? with Eric Wall & Casey Rodarmor

Bankless

CHAPTER

Bitcoin Block Space Demand Is a New Paradigm

It's 100 early days. We don't know how this is going to play out I think that we've just added a new sort of natural source of demand for bitcoin's block space And I think that that's good But the one thing that still irks me a little bit is that I do think that Andrew Pulsra had this mail on the bitcoin mailing list where he warned about Volatility like transaction fee volatility You know, we've already seen that Scarcity pricing is a real thing and even without NFTs fees can go up and down extremely fast So I think you know what it might actually accelerate is that bitcoiners are thinking about actually can we burn some of the transaction fees

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