
Currency Trader. Crypto Trader.
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Anyone else can't sleep because they watch price go up?
If demand for block-space is inelastic (insensitive to price) even a small (25%) increase in demand can cause 7000x in price. Longterm we either need to hope for elastic demand or develop other strategies to protect apps and user from fee explosions.
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Congrats to Bitwise on their Ethereum ETF launch!