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Complete and total lack of onchain activity. The reasons are up for debate.

This is an existential problem for Bitcoin and there is no workaround. All the BIPs, future challenges, etc... are meaningless without transaction fees onchain.

205 sats \ 1 reply \ @justin_shocknet 28 Jul -420 sats

Just replied to a "fee-pocalypse is nigh" article about this

TLDR is that Bitcoin is not divisible and supply is concentrated such that there will never be enough users to generate meaningful fee market demand... for-profit mining is a waning anomaly, and that this is a good thing

#1534856

Thoughts appreciated

PS: Do you have a testnet4 pool? Devs could use more testnet4 faucets to experiment with cool stuff, especially with more people vibe coding Bitcoin apps.