Fees
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Friend.tech Faces Criticism After Sharp Decline in Activity and #Fees 🔥🔥
- The decentralized #social network Friend.tech faced a significant decline in key metrics less than three weeks after its launch, leading critics to predict its downfall.
- Following a successful beta launch on August 11, the platform's fees surpassed $1 million within 24 hours on August 19, outperforming #Uniswap and the #bitcoin network.
- However, #Friend.tech experienced a sharp drop in metrics like fees, transactions, buyers, and sellers, leading industry observers to express skepticism.
- Lisandro Rodriguez, Coinbase Payments Risk Manager, attributed the decline to "greed and poor execution."
- While the platform attracted notable crypto and non-crypto influencers, it's drawing comparisons to the 2021 DeSo app BitCloud, raising concerns about unsustainable user key price increases and questionable value propositions.
- The decentralized #social network Friend.tech faced a significant decline in key metrics less than three weeks after its launch, leading critics to predict its downfall.
- Following a successful beta launch on August 11, the platform's fees surpassed $1 million within 24 hours on August 19, outperforming #Uniswap and the #bitcoin network.
- However, #Friend.tech experienced a sharp drop in metrics like fees, transactions, buyers, and sellers, leading industry observers to express skepticism.
- Lisandro Rodriguez, Coinbase Payments Risk Manager, attributed the decline to "greed and poor execution."
- While the platform attracted notable crypto and non-crypto influencers, it's drawing comparisons to the 2021 DeSo app BitCloud, raising concerns about unsustainable user key price increases and questionable value propositions.
NEWS: Bitcoin Commissions Drop and there are still 300,000 Transactions to be confirmed
Bitcoin fees have dropped in recent days, although there are still 300,000 transactions to be confirmed. This is likely due to a number of factors, including:
A drop in the price of Bitcoin, which has made it less profitable for miners to process transactions.
A decrease in the number of transactions processed, as the cryptocurrency market has cooled in recent months.
The introduction of new technologies, such as the Lightning Network, which are designed to lower the cost of Bitcoin transactions.
While the drop in fees is good news for users, it is important to note that the Bitcoin network is still congested.
This means that transactions may take longer to confirm than usual. If you need to make a quick payment, it's best to use a payment processor that offers instant confirmations.
Bitcoin's average transaction fee increased significantly in the last two weeks, reaching a level not seen since April 2021. This is due to a number of factors, including the rise of the BRC-20 token.
Increased demand for Bitcoin has put pressure on the Bitcoin network, leading to longer transaction confirmation times and higher transaction fees. The average Bitcoin transaction fee is currently around $20, up from $10 just a few weeks ago.
It is unclear how long the current high transaction fees will last. However, they are likely to stay high as long as the demand for Bitcoin remains high.
#feedfeverchallenge #bitcoin #BTC #BRC20 #Fees
A drop in the price of Bitcoin, which has made it less profitable for miners to process transactions.
A decrease in the number of transactions processed, as the cryptocurrency market has cooled in recent months.
The introduction of new technologies, such as the Lightning Network, which are designed to lower the cost of Bitcoin transactions.
While the drop in fees is good news for users, it is important to note that the Bitcoin network is still congested.
This means that transactions may take longer to confirm than usual. If you need to make a quick payment, it's best to use a payment processor that offers instant confirmations.
Bitcoin's average transaction fee increased significantly in the last two weeks, reaching a level not seen since April 2021. This is due to a number of factors, including the rise of the BRC-20 token.
Increased demand for Bitcoin has put pressure on the Bitcoin network, leading to longer transaction confirmation times and higher transaction fees. The average Bitcoin transaction fee is currently around $20, up from $10 just a few weeks ago.
It is unclear how long the current high transaction fees will last. However, they are likely to stay high as long as the demand for Bitcoin remains high.
#feedfeverchallenge #bitcoin #BTC #BRC20 #Fees
- **Donald Trump's #crypto Holdings**: Former President Donald Trump, previously critical of cryptocurrencies, is revealed to own more than $2.8 million worth of cryptocurrency held in an Ethereum wallet. This puts him in the 'whale' category, denoting substantial token holdings.
- **Licensing #Fees from NFTs**: The disclosed financial documents also indicate that Trump earned nearly $4.9 million from licensing fees related to a collection of non-fungible tokens (NFTs) launched by his campaign. These NFTs have contributed to his cryptocurrency-related earnings.
- **Contrasting Stance**: Trump's reported crypto #holdings contrast with his past skepticism towards cryptocurrencies, having called them a "scam" and favoring the US dollar. This shift in stance highlights a significant personal investment in the cryptocurrency market.
- **Comparison with Fellow Republicans**: Trump's stance is notably different from some fellow Republicans, including potential #2024 primary contender Florida Governor Ron DeSantis, who have shown support for cryptocurrencies and #blockchain technology.
$BTC $ETH $BNB
- **Licensing #Fees from NFTs**: The disclosed financial documents also indicate that Trump earned nearly $4.9 million from licensing fees related to a collection of non-fungible tokens (NFTs) launched by his campaign. These NFTs have contributed to his cryptocurrency-related earnings.
- **Contrasting Stance**: Trump's reported crypto #holdings contrast with his past skepticism towards cryptocurrencies, having called them a "scam" and favoring the US dollar. This shift in stance highlights a significant personal investment in the cryptocurrency market.
- **Comparison with Fellow Republicans**: Trump's stance is notably different from some fellow Republicans, including potential #2024 primary contender Florida Governor Ron DeSantis, who have shown support for cryptocurrencies and #blockchain technology.
$BTC $ETH $BNB
