so blocks aren't full? this is temporary? high fees and slow confirmations will go away in a few days?
I'm so sure.
I'm so sure.
no, i am not saying that.
blocks are full, this is not temporary, fees are rising at an alarming rate, confirmations take too long if you are a newcomer and don't know what's what. there is a lot of adoption and it means a lot more transactions are being made
but none of that means there isn't also any spam attack. you can't possibly say we suddenly got a massive adoption of users "spending their bitcoin" leading to 200,000 transactions in the mempool and then it plateaued.
ok, cool.
But the thing is, a lot of people say "oh its just spam" as if that was the primary or sole cause of the capacity exhaustion.
It maybe just a spam attack or it was capacity exhaustion but the problem is still the same. The problem is that the blockchain is overloading with transactions and the miners cannot cope up with the huge traffic. This is possibly the worst event in the bitcoin history and we will expect that we will no longer be counting hours before confirmation but days or weeks.
