Comment

Supply vs Demand

And so far this year, supply cannot keep up with demand for bitcoin. Even with all this activity, the bitcoin network is healthy: fees are reasonable at ~136 satoshi/byte to get in one of the next 6 blocks; the mempool size is steady at 80mb (half of which are low-fee spam transactions), and hashpower is increasing as bcash has stopped gaming the difficulty. Unfortunately, SegWit usage is holding steady at about 11%, which is keeping fees higher than they need to be. The state of bitcoin is strong. I just hope the other shoe doesn't end up dropping anytime soon.

@eallam

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