Toby McMann on Nostr: Historically, block space is most valuable only when the price of the token also ...
Historically, block space is most valuable only when the price of the token also starts to go exponential.
As the #bitcoin ledger is increasingly used to store information other than just bitcoin transactions, will we see fees paid for block space decouple and increase faster than bitcoin’s price?
In other words, will the network’s value proposition shift from “monetary” scarcity to “data storage” more broadly?
Published at
2024-04-21 17:32:28Event JSON
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"content": "\nHistorically, block space is most valuable only when the price of the token also starts to go exponential.\n\nAs the #bitcoin ledger is increasingly used to store information other than just bitcoin transactions, will we see fees paid for block space decouple and increase faster than bitcoin’s price?\n\nIn other words, will the network’s value proposition shift from “monetary” scarcity to “data storage” more broadly?\n\n\nhttps://m.primal.net/HyPs.jpg\n",
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