A Fee Spike Hits the Mempool: What Actually Drives It
Fee spikes are reported as congestion or as distress. They are an auction for a fixed quantity of block space, and the bidders are not always who the…
Finance Reporter and Crypto Writer / Australia
Tamika Seeto
Finance reporter and crypto writer at Bitcoin Logical.
Reviewed to editorial standards
Data separated from opinion
Latest from Tamika
A Payment Processor Adds Bitcoin: What Counts as Adoption
Most merchant-acceptance announcements describe a settlement arrangement in which no merchant ever holds Bitcoin and no customer needs to.
A Lightning Capacity Milestone: What the Metric Can Support
Public Lightning capacity is a measure of how much Bitcoin is committed to visible channels. It is not payment volume, and it is not the whole…
A Mining Difficulty Adjustment: What It Does and Does Not Signal
Difficulty adjustments are reported as verdicts on miner confidence. They are a thermostat responding to the previous two weeks, and they say nothing…
What Realized Cap Can and Can’t Tell You
Realized cap is a genuinely clever idea — valuing each coin at the price it last moved, not at current spot. It is also built on assumptions that…
On-Chain Metrics
reasoned, not hyped
Active Addresses Are Rising. Does That Mean More People Are Using Bitcoin?
Active addresses is one of the most-cited on-chain metrics, and one of the most routinely over-interpreted. Here is what it can support as evidence…
How to Set Up Self-Custody: A Careful, Unhurried Guide
Self-custody removes counterparty risk and replaces it with personal responsibility. Here is how to take that responsibility on carefully, step by…
How Bitcoin Mining Actually Secures the Network
Mining is often described as "solving complex math problems." It is closer to a lottery with an enormous number of tickets — and that design is…
What Is Bitcoin? A First-Principles Introduction
Strip away the commentary and Bitcoin is a fairly small idea, executed with unusual discipline: a shared ledger with no operator, whose rules are…