I just checked in a few boards and i don’t see a topic like this, so i am going to start it.
I want to create a list of the current problems of the bitcoin community and open a discussion for possible ways to help to solve it or atleast try it.
Please feel free to correct me if i am wrong or suggest some solutions if don’t mention it, the list of issues is open to new items
List of issues- The current network congestion caused by the spam/dust transactions of Ordinals.
- …
How to address each of the previous issues
The current network congestion caused by the spam/dust transactions of Ordinals.If you are a regular user of bitcoin- Educate yourself how to save try to save every satoshi at the moment of make a transaction
- Choose a good wallet that allow you to setup the fee manually
- stop using legacy addresses, try to start using segwit address or taproot address
- Learn about terms like RBF, Bump fee, CPFP, UXTOs
- You can perform some tests on the TESTNET environment, just to validate your knowledge.
- If a transaction isn’t urgent try to wait for the correct moment to broadcast it and learn how to select a good fee value for it.
If you are a business interested in to accept bitcoin transacctions- Start accepting payments using the Lightning Network
If you are developer of some exchange or entity that perform bitcoin transactions- Save every satoshi that you can. (Try to demostrate to your employer that this changes can generate profit for them)
- Implement as soon as possible segwit or taproot wallets
- Try to avoid the use of p2pkh wallets
- Implement an efficient way to select automatically a correct fee for your transaction.
- If your transaction need to be bump for fee, just increment 1 sat/vB, there is no need to double your current amount of fees, your transaction will be included in the next block regardless if you increment the fee in 1 sat/vB or in 100 sat/vB
If you are miner- We know that mining it is a business but the final user experience will dictate the legit demand of bitcoin in the future, nobody is going to like to perform transactions in a network that prioritize dust/spam transactions and have highest fees
- Check the possibility of reducing a little the priority to those dust transactions in any case the mempool is full of legit transactions that are also paying fees.
- Check the possibility of reserve some little percentage of space the block to include some stuck transactions, less than 3% or even 1% will be good those transactions can be selected randomly
- Remember that the health of the network depends in a wide way of your actions
I am going to try to make some videos trying to educate to the final users about this topics, also i want to redact some kind of open letter to the miners.
Wha do you think about this, i want to read you.
Regards!
