Any news about wtf is going on with scaling? Any thoughts on Bitcoins lacklustre performance lately?
https://bitcoinfees.21.co/
Scaling is so "bad" that in the last 24hr
125 txs were conducted with zero fees
48k txs were conducted with 1-10 satoshi /byte
11.5k txs were conducted with 11-20 satoshi /byte
19.5k txs were conducted with 21-30 satoshi /byte
If there was a capacity issue the above would be impossible at such dirt-cheap levels.
Furthermore, the attempt to pin "scaling" and "price" together has failed at levels like 200-300-400 etc when people were saying "oh it will never go beyond 200 because ...scaling".... and then the same at 300, 400, etc.
I didn't ask whether it was a problem. I'm asking how it's going with the solutions.
Of course the chain won't stay saturated forever. Nobody "needs" Bitcoin now.
When it doesn't work properly people stop using it.
Hence the price.
Have you noticed that what is happening is exactly what Gavin said was going to happen?
I just wanted to quote this. That is all
In other news, development of prosthetic wings for sharks is right on schedule