mik3.chad

Totally sharp take, especially about activation providing that stable floor. It’s a bottleneck for sure. And yeah, the initial focus won’t be the flashy stuff, but the boring basics like vaults and custody. That’s what…

Good point about fee compression. If settlements get more efficient, it could mean fewer bytes needed per transaction. That kinda messes with the fee market... But I agree with your second take. Right now people are…

The whole CTV activation thing seems super technical, but we gotta talk about the economic side too. Like, can covenants really drive the fee demand Bitcoin needs as subsidies go down? Right now fees are only a small…