Dear Readers,
Earlier this week, we spoke about the quickly escalating state of Bitcoin transaction costs, and several reasons that were contributing to making base-layer Bitcoin transactions far more expensive than usual. Suffice it to say then that many in the community are probably breathing a sigh of relief as transaction costs come down:
In fact, I know many people who are thrilled by the emptying mempool — I ran a poll on one of my social media channels today in which nearly 50% of people responded that high transaction costs would keep them from choosing to use Bitcoin:
The level of concern was even greater among those of you who responded to the poll:
