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Topic: Mempool Observer Topic - page 11. (Read 22883 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
November 19, 2024, 01:52:52 PM
@bitmover
You can check if it's the bot that needs some configuration or if I'm the one who has to whitelist Cloudflare.
Then he says something.  Wink

I didn't change anything at the bot.
I will take a look later , but as you are changing a lot of stuff this is probably on your side
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
November 19, 2024, 01:52:34 PM
Either, a lighting should become more developed and adopted or block size should be increased. Lighting is a little complicated to use, people are afraid of increased block size because there is a chance that blocks won't be full but the fact is that fees need to go down.
Lightning is not the only layer-2 currently in development. There's also Ark for example, which is complicated to understand too (I have still to analyze it for incentives and tradeoffs) but as far as I know it is potentially more friendly to the non-technical user than Lightning because the onboarding process does not require an onchain transaction. Then there are a lot of sidechains in development, I think one of the most interesting is the Spiderchain project but it's still a testnet. The BitVM project will also allow the deployment of rollups like on Ethereum, but that may take some years still as it's a very new technology.

I personally oppose big blocks currently, the size was already increased by Segwit to x4 and due to the developments in the L2 area I don't think we need another increase. Runes and similar stuff is much more convenient to deploy on altcoins like LTC.
legendary
Activity: 1890
Merit: 5204
**In BTC since 2013**
November 19, 2024, 01:15:34 PM
@bitmover
You can check if it's the bot that needs some configuration or if I'm the one who has to whitelist Cloudflare.
Then he says something.  Wink
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 19, 2024, 09:59:41 AM
     
  • fastestFee: 15 sat/vB
  • halfHourFee: 14 sat/vB
  • hourFee: 12 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim
November 19, 2024, 06:22:27 AM
Guys, you know what's funny? At the moment, transaction fees are low, 6-8 sat/vByte is nothing to complain but the price of Bitcoin is so high that that 8 sat/vByte is now a thing. It costs $1 to create an average native SegWit transaction of the size of 140 vBytes.

Long-term, the price of Bitcoin isn't going down, it will only surpass $100k and reach higher levels, I wouldn't be surprised if Bitcoin reaches 200K USD but I think that soon there will come time where we will be forced to change the fee system. Either, a lighting should become more developed and adopted or block size should be increased. Lighting is a little complicated to use, people are afraid of increased block size because there is a chance that blocks won't be full but the fact is that fees need to go down.

What do you think about it?
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 19, 2024, 01:59:41 AM
     
  • fastestFee: 17 sat/vB
  • halfHourFee: 16 sat/vB
  • hourFee: 15 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 18, 2024, 05:59:41 PM
      Smiley
  • fastestFee: 5 sat/vB
  • halfHourFee: 5 sat/vB
  • hourFee: 5 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 18, 2024, 09:59:41 AM
      Smiley
  • fastestFee: 3 sat/vB
  • halfHourFee: 3 sat/vB
  • hourFee: 3 sat/vB
  • economyFee: 2 sat/vB
  • minimumFee: 1 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 18, 2024, 01:59:42 AM
      Smiley
  • fastestFee: 4 sat/vB
  • halfHourFee: 4 sat/vB
  • hourFee: 4 sat/vB
  • economyFee: 2 sat/vB
  • minimumFee: 1 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 17, 2024, 05:59:42 PM
      Smiley
  • fastestFee: 9 sat/vB
  • halfHourFee: 8 sat/vB
  • hourFee: 6 sat/vB
  • economyFee: 2 sat/vB
  • minimumFee: 1 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 17, 2024, 02:00:48 AM
      Smiley
  • fastestFee: 3 sat/vB
  • halfHourFee: 3 sat/vB
  • hourFee: 3 sat/vB
  • economyFee: 2 sat/vB
  • minimumFee: 1 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 16, 2024, 06:01:42 PM
      Smiley
  • fastestFee: 5 sat/vB
  • halfHourFee: 5 sat/vB
  • hourFee: 5 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 16, 2024, 10:01:17 AM
     
  • fastestFee: 10 sat/vB
  • halfHourFee: 9 sat/vB
  • hourFee: 7 sat/vB
  • economyFee: 2 sat/vB
  • minimumFee: 1 sat/vB
legendary
Activity: 2898
Merit: 1823
November 16, 2024, 03:38:00 AM
Personally, I don't like high fees too, but technically what could we actually do but wait for demand for block space to go down?

--Snip--


I forgot that what we could do is also FUD, gaslight, and spread disinformation to convince everyone who would listen that the Core Developers are deliberately keeping the blocks small because "reasons".

 Roll Eyes

What ALL users of BitcoinTalk should simply do is read your trust-rating. You tricked many plebs like me before, and you will never trick us again frankandbeans.
legendary
Activity: 4424
Merit: 4794
November 15, 2024, 06:49:27 PM
Personally, I don't like high fees too, but technically what could we actually do but wait for demand for block space to go down?

aww, the guy that joined the adoration of bloat brigade and the use subnetwork instead army, and supported his forum daddy in saying dont do anything about the bloat and let things pass unvalidated because high fees are a needed feature.., is now whinging that he has no clue what can be done to allow more transaction throughput, and to lower the fees, even though i been telling him for years exactly what can be done

so here is a gentle reminder:
1. make transactions leaner, where every byte counts and has a ruled purpose, with no validation bypasses to allow additional junk
2. change the landscape of whats allowed in a fully accessible 4mb block, instead of the 1mb:3mb wall segregation
3. SCALE(not leap) to a next size up of blockspace.. emphasis on SCALE not his forum daddy's story of leaping

if he wants to continue arguing that fee's are needed as a supplement to block rewards any time soon(next 20 years) then he really needs to look at what bitcoin is and realise even this week he is experiencing bitcoins deflationary nature which take care of the increasing costs of things like mining profitability, and many cycles(many 4 year periods) will continue this process for many cycles before fee's become significant need. and ontop of that having more transactions would allow block cumulative fee total to be substantial compared to limiting transaction counts so far to cause individual users to pay more

Personally, I don't like high fees too, but technically what could we actually do but wait for demand for block space to go down?

--Snip--


I forgot that what we could do is also FUD, gaslight, and spread disinformation to convince everyone who would listen that the Core Developers are deliberately keeping the blocks small because "reasons".

 Roll Eyes

What ALL users of BitcoinTalk should simply do is read your trust-rating. You tricked many plebs like me before, and you will never trick us again frankandbeans.

oh the fud/misinformation which gmax told you i was spreading..
you mean the factual information i started from 2016 about how core were introducing a cludgy, rushed new set of transaction formats(segwits new subset of opcodes and lack of rules) that miscounted bytes, ignored bytes and bypassed validating bytes, where by it would allow junk data and people to publish 4mb of anything like books or images to the blockchain.. and even till 2019 gmax said what i was saying was a lie and segwit was not a bug... yet we all see now that the ordinal meme junk is real and proves my point... but hey you dont actually care about bugs and fixes, you just want to act like a victim and pretend there is no way to solve problems, suggesting people should put up with it and wait(stop using bitcoin) or use another network.

still is funny how you call it mis information to defend cores action, when ordinals meme junk exists in public and is undeniable, yet you still pretend what i said would happen didnt happen.. maybe try to learn about bitcoin and not learn what a core dev wants you to be a loyal faithful follower of, even if that religion goes against bitcoin immutable data
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 15, 2024, 05:59:42 PM
     
  • fastestFee: 11 sat/vB
  • halfHourFee: 9 sat/vB
  • hourFee: 7 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
legendary
Activity: 2898
Merit: 1823
November 15, 2024, 11:29:46 AM
Fees currently are 120 sat/vB.

  👀

It's probably nothing if it goes back to 5 sat/vB, but if it continues to be that high, we'll definitely see some complaints that Ordinals/Runes are exploits that should never happen in the Bitcoin blockchain because of "reasons". Personally, I don't like high fees too, but technically what could we actually do but wait for demand for block space to go down?
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 15, 2024, 10:00:02 AM
      Smiley
  • fastestFee: 5 sat/vB
  • halfHourFee: 5 sat/vB
  • hourFee: 5 sat/vB
  • economyFee: 2 sat/vB
  • minimumFee: 1 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 15, 2024, 01:59:41 AM
      Smiley
  • fastestFee: 7 sat/vB
  • halfHourFee: 6 sat/vB
  • hourFee: 6 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
copper member
Activity: 378
Merit: 21
bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
November 14, 2024, 05:59:42 PM
     
  • fastestFee: 19 sat/vB
  • halfHourFee: 18 sat/vB
  • hourFee: 17 sat/vB
  • economyFee: 4 sat/vB
  • minimumFee: 2 sat/vB
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