"I think the innovation of Bitcoin is having a money that is not inflatable and if you have a money that can't be inflated, that is a massive tool for economic freedom."
I bet the mempool will be cleared during the week.
I'll take that bet! btc backlog won't be cleared by friday midnight utc. If I win, you gotta send a bottle of champaign to greg maxwell. and if you win?
The capacity problem is a self-correcting issue. If backlogs forms then ever increasing number of users (who actually use the chain) will GTFO back to fiat or to other shitcoins.
That effect will definitely clear the froth from the top of the backlog, but I see a 50 MB underbelly of 1/2 sat per byte trxs that i think could be a permanent backlog.
BTC backlog is up to 70MB. This could be the start of the BTC permanent backlog. Much sought after by Blockstream, we might never see the backlog fully cleared again.
Just like i said the other day muahaha (pops more champain lol)
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