Why Nostr? What is Njump?
2024-01-28 07:49:42
in reply to

bam on Nostr: I found it hard to understand initially but it’s sort of like this.. Imagine its ...

I found it hard to understand initially but it’s sort of like this..

Imagine its 1000 sats\byte.. then at 1M sats the fees will be about 250k sats or 25%

So if in the future (10 years) we have a fee environment where the ordinal fee hype is a normality.. let’s say 500sats/vbyte… Bitcoin would be looking as just a settlement layer..

If you want the fees to be only 1% then your utxo should be around 12.5m sats
Author Public Key
npub1wyj4j2ufnfrxkf77uxemrztg954h7cv4je4tun55cw379qwth26sn6gdju