Topic: Mempool Observer Topic - page 57. (Read 16434 times)

According to gmaxwell, a notorious BSV pedophile is behind BRC-20 spamming:

How come they don't use BSV, since it can support more transactions?

I don't know much either. But inscriptions/ordinals try to make each satoshi unique.

I found this website recently, which I shared in bitcointalk and I found it intersting

Interesting.
At first, I was wondering what is the relation between the TX I have shared and the links you have shared. It seems the transaction hash matches this website data. But, I am curious how did you manage to find this? I don't know much about these ordinal things and how they work. Is it the same as ETH NFT? I thought only coins like ORDI, 1000SATS, and some other BRC-20 token transactions increased the mempool congestion and I thought the mentioned transactions were just dust and they doing it to manipulate the mempool to increase the transaction fees. I guess the community would appreciate a detailed topic about it. Many of us don't understand much about this.

     

• fastestFee: 58 sat/vB
• halfHourFee: 51 sat/vB
• hourFee: 47 sat/vB
• economyFee: 47 sat/vB
• minimumFee: 24 sat/vB

Its not a conspiracy, its people minting BRC-20 shittokens.

https://ordinals.com/inscription/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38i0
https://ordinals.com/inscription/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0i0
https://ordinals.com/inscription/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772efi0

At worst, its a waste of BTC. But you know who doesn't see it that way? The mining pools. Good luck telling them to stop including these transactions.

     

• fastestFee: 99 sat/vB
• halfHourFee: 76 sat/vB
• hourFee: 59 sat/vB
• economyFee: 44 sat/vB
• minimumFee: 22 sat/vB

the spammers are creating transactions of 112 vB @ 52sat/vb to pay 5824sat (~$2.50)

yet the average real byte transaction length divided by fee of others (blocksize divided by total block fee) puts everyone else at a
333byte tx paying the bumped 52sat/vb of 17316(~$7.40) meaning everyone else is paying ~3x extra compared to the spammers

even core do not believe people should be bumping by 1sat increments so cores default GUI fee mechanism bumps in 5sat increments

the other thing is, because the spammer bump fee in 10sat increments instead of 1sat
means everyone else cant just bump by 1sat to compete(10+1), but instead also have to bump by 5sat(10+5) to outbid spammers
which causes the average fee to jump quickly

with the market price of bitcoin being more then 5x of the days core decided on the 5sat increment. they should review and close the gap and bring it down to 1sat increments.. just like their predecessors did when markets stepped up in previous cycles
thus allowing users more control and less leaping to higher fee's so quickly



its like any auction
if an asset is at auction from a starting bid of $10k but each bid increments at $5k, in auction bid competition it only needs 3 bids to jump to $25k.. yet if the increments were $1k those same 3 bids competing would only get to $13k thus not forcing the price so high so quickly

     

• fastestFee: 165 sat/vB
• halfHourFee: 116 sat/vB
• hourFee: 85 sat/vB
• economyFee: 50 sat/vB
• minimumFee: 25 sat/vB

And yet, some people insist there is no conspiracy against BTC to bump the fees...

FeeBuddy

I love it, great work.

Yes, I used it.
I sometimes use a bot on Telegram for this. But, if there was one here on the forum that did the same, it would be very useful.

My idea was to write something like this:
##alerthour 25

The bot registered that command. And when the hourly rate was at that value, he would create a post (regardless of the time of day) and quote me.




Come those images! 

Yes, this is possible. This might be a good ideia. I just need some time to code it.

Would you use something like that?

The bot could just quote someone who asks for this when the user subscribe to the service.

---

@joker_josue , I just added your API so now feebuddy will use Talkimg to host the chart!

     

• fastestFee: 50 sat/vB
• halfHourFee: 46 sat/vB
• hourFee: 44 sat/vB
• economyFee: 44 sat/vB
• minimumFee: 25 sat/vB

I don't know what is going on but look at these transactions. https://mempool.space/tx/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38
https://mempool.space/tx/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0
https://mempool.space/tx/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772ef

All these are the same;



there are hundreds of similar transactions in the same block and more similar transactions are waiting in unmined blocks.
https://mempool.space/tx/93afac00ff8fc1fb63ed76da9e71857f3a096f4c0c8db2fceb63ee6352889aea
https://mempool.space/tx/a67211b37d4e44f4a4a38ec36b12b9d6b9a98df253da58c685d86af1ea881d66



Look at these unusual bumpings. All are the same amount and thousands of them are in unmined blocks. The transaction amount is only few satoshis.

     

• fastestFee: 66 sat/vB
• halfHourFee: 61 sat/vB
• hourFee: 56 sat/vB
• economyFee: 48 sat/vB
• minimumFee: 24 sat/vB

An idea for the bot:
It will be possible for users to make a post with a command, asking the bot to make a post when the fees are at a certain value. When the bot read the post, it would save this information, and when the fees reached that value, it would make a post normally, but added a mention to the user who requested that post. Regardless of the posts that the bot normally makes.

     

• fastestFee: 92 sat/vB
• halfHourFee: 84 sat/vB
• hourFee: 75 sat/vB
• economyFee: 46 sat/vB
• minimumFee: 23 sat/vB

     

• fastestFee: 63 sat/vB
• halfHourFee: 57 sat/vB
• hourFee: 52 sat/vB
• economyFee: 48 sat/vB
• minimumFee: 24 sat/vB

     

• fastestFee: 92 sat/vB
• halfHourFee: 92 sat/vB
• hourFee: 89 sat/vB
• economyFee: 48 sat/vB
• minimumFee: 24 sat/vB

Friend! The kb size is no problem! 

I just don't see big movements on the chart, due to its scale.
Unless you can tell the time on the graph. But it seems small to me for so much information.