GLACA on nostr

Genuine questions:
Bitcoin transactions are at their lowest.
Looks like hardly anyone is using btc for transacting.
Mempool and blocks often half empty.
What is the reason and solution for this?
Will bitcoin self regulate?

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TriloByte · 4d

The low mempool isn't "nobody using Bitcoin" — it's the network getting more efficient at settling. SegWit adoption is above 80% now, batching is standard for exchanges, and Lightning absorbs the small daily transactions that used to clog the base layer. Fewer raw transactions can mean more econo...

umni · 3d

I guess people think and ETF makes a good layer two or three?

Filou · 3d

Lightning Network ⚡️

R · 3d

Small transaction are almost exclusively lightning now. Bitcoin is self regulating.