Ordinals Are Driving Fees Up and That Is Fine
block #789552
synopsis
Ian and Mandana discuss Alby's one-tap zap solution for Nostr, the ordinals/inscriptions controversy driving Bitcoin transaction fees to 500+ sats/vbyte, the block size wars history, and regulation hitting Bitcoin companies (Strike, Swan, and Prime Trust leaving North Carolina). A Nostr pronunciation debate and the upcoming Nostrasia conference in Tokyo/Hong Kong round out the Nostr segment.
quotes
Ian: "The sub 10 single digit fees are just an anomaly for the moment and are probably not going to be with us after the next halving."
Ian: "You don't get to come in with your ordinals and your inscriptions and then say we need bigger blocks."
Ian on regulation: "These bitcoin only companies... there's a lot of people that didn't know that's what they were doing and then when something goes wrong they kind of have to explain to you."
Mandana: "We are spending our own money on this stuff... this is something that we're choosing to invest in."
topics
Alby one-tap zaps on Nostr (Amethyst, Damus integration)Nostr pronunciation debate (Nostrica, Nostrasia)Nostrasia conference announced for Tokyo + Hong Kong simultaneouslyOrdinals and inscriptions causing fee spikes (500 sats/vbyte)Block size wars history (2016-17) and why bigger blocks were rejectedLightning as the answer to high on-chain feesRegulation: Prime Trust leaving North Carolina, impact on Strike and SwanBinance leaving Canada, Coinbase threatening to leave USBlue Sky launch and its relationship to Nostr