I thought the fees would have come down a bit more by now but let's see how economical it is for these spammers to keep it up. Everytime this has happened before fees have come back down to reasonable levels, I don't think it will be different this time.
What I do know though is that I will not be transacting on the network while this keeps up.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 493. (Read 26466542 times)
April 20, 2024, 04:58:14 AM
April 20, 2024, 04:26:52 AM
What's the opinion on Bitcoin transaction fees here? I'd say Bitcoin is broken if any UTXO under 0.001 BTC isn't even enough to pay for it's own transaction fee.
My opinion is that Ordinals were just a useless addition to Bitcoin. Maybe the chain should be split in a Core and an Ordinals variant, maybe with higher blocksize limit on the latter, to satisfy those blockwar-morons? IDK, but i wish inclusion of Ordinals would be rolled back ASAP. Who needs another sea of NFT's anyway?
I wish developers and individuals voting for BIPs would take a more cautious approach to add bitcoin functionality. It's not that hard. Just try to keep an eye on possible unwanted effects and outcomes of software "solutions" to problems or added functionality and address them before actually changing any code.
This type of thinking was the reason why i was hated by most collegues and even some of my bosses ("destroying" their "great" visions through factual criticism), and successful at the same time (through my own contributions and working alternatives to their "great" solutions) when i was working in the IT industry, back then.
Maybe Ordinals were orginally intended to break Bitcoin, who knows? I don't have enough background information on this branch/feature, so this is pure hollywood scriptbook thinking of mine. But, with an eye on NFTs and the presence of Bitcoin's slow transaction rate and limited block size, it would result in a nice attack vector to include the possibility to spam blocks, tainted as functionality.
Anyway, i was unhappy with the Ordinals idea as soon as i read about it the first time. This block spam confirmed my worries.
EDIT: And the whole drama with fees does have a touch of Ethereum to it, in regard to your original question, dunnit?
April 20, 2024, 04:18:34 AM
What's the opinion on Bitcoin transaction fees here? I'd say Bitcoin is broken if any UTXO under 0.001 BTC isn't even enough to pay for it's own transaction fee.
April 20, 2024, 04:01:13 AM
April 20, 2024, 03:49:46 AM
What's the opinion on Bitcoin transaction fees here? I'd say Bitcoin is broken if any UTXO under 0.001 BTC isn't even enough to pay for it's own transaction fee.
Blocks now have a 3.125 BTC block reward and 10 BTC transaction fees. And as the above image shows: only a few percent is used by normal Bitcoin users with normal transactions. Spammers literally pay 4 million dollars per hour now to create meaningless Bitcoin dust.
See mempool.space for Mempool Goggles, and click Data to see only the "Ordinal" spam.
Blocks now have a 3.125 BTC block reward and 10 BTC transaction fees. And as the above image shows: only a few percent is used by normal Bitcoin users with normal transactions. Spammers literally pay 4 million dollars per hour now to create meaningless Bitcoin dust.
See mempool.space for Mempool Goggles, and click Data to see only the "Ordinal" spam.
April 20, 2024, 03:26:28 AM
Dude had weak hands , listened to Masterluc and sold expecting to get back in later that never came. 
https://www.reddit.com/r/TerrifyingAsFuck/comments/1c84lyv/man_just_set_himself_on_fire_outside_of_the_trump/
https://theponzipapers.substack.com/p/i-have-set-myself-on-fire-outside
https://www.reddit.com/r/TerrifyingAsFuck/comments/1c84lyv/man_just_set_himself_on_fire_outside_of_the_trump/
https://theponzipapers.substack.com/p/i-have-set-myself-on-fire-outside
Dude, what a crazy read. The last few lines tell it all: Days of no sleep... Poor guy fell into the conspiracy-theory
Our biggest enemy is our own mind.
Slept over the halving
No party, this time 
April 20, 2024, 03:22:40 AM
We are up about 7.30X since the last halving on may 11, 2020 or 730% in 1439 days or 0.1385%/day or 65.7% a year.
Not bad, lol
Not bad, lol
65.7% a year means 482469.65 on 2028
I will sign on for that.
April 20, 2024, 03:01:13 AM
April 20, 2024, 02:49:04 AM
Happy Halving! Next goal: $1 million / BTC !
Goal by goal
first things first
A solid ATH...
Then 100 k Chopper
April 20, 2024, 02:41:35 AM
Going to the gym not for weightlifting sessions but participating in a intens workout program called ''Insane''.
Insane is a high-intensity interval training with long periods of heavy endeavor alternated with short stops will result in approximately burning 1000 calories!
Not that i'm fat but for increasing my physical condition/endurance.
Let's go!
Insane is a high-intensity interval training with long periods of heavy endeavor alternated with short stops will result in approximately burning 1000 calories!
Not that i'm fat but for increasing my physical condition/endurance.
Let's go!
Going as well to the Crossfit in about 1h and 30min
you should try it as well... its amazing
April 20, 2024, 02:40:31 AM
20 th of April.
The Bitcoin halving took place.
Historical day.
#FirstHaiku
The Bitcoin halving took place.
Historical day.
#FirstHaiku
April 20, 2024, 02:38:58 AM
Going to the gym not for weightlifting sessions but participating in a intens workout program called ''Insane''.
Insane is a high-intensity interval training with long periods of heavy endeavor alternated with short stops will result in approximately burning 1000 calories!
Not that i'm fat but for increasing my physical condition/endurance.
Let's go!
Insane is a high-intensity interval training with long periods of heavy endeavor alternated with short stops will result in approximately burning 1000 calories!
Not that i'm fat but for increasing my physical condition/endurance.
Let's go!
April 20, 2024, 02:02:58 AM
April 20, 2024, 02:01:15 AM
April 20, 2024, 01:40:30 AM
Nutildah turns 10
Bitcoin education depth:
Irreplaceable
Bitcoin education depth:
Irreplaceable
April 20, 2024, 01:01:14 AM
April 20, 2024, 01:00:54 AM
Happy Halving Everyone.
May this cycle and the ones beyond, bring you the very best that life can give you.
Best wishes.
May this cycle and the ones beyond, bring you the very best that life can give you.
Best wishes.
I like this one
1. 11/28/2012 $12
2. 07/09/2016 $675
3. 05/11/2020 $9760
4. 20/04/2024 $63,838
“After today’s halving the inflation rate of Bitcoin has dropped to 0.85% per year, that makes Bitcoin’s inflation rate lower than gold for the first time ever.”
Happy Halving Observers!!!
April 20, 2024, 12:10:36 AM
Happy Bitcoin Halving 2024
April 20, 2024, 12:01:13 AM
April 19, 2024, 11:45:11 PM
Happy Halving 2024 to all WOers!
Been catching up with last two days' posts. Looks like there was a party in these here parts -- missed it due to RL keeping me busy...
Funny how all those live GIFs now show 1458 days left...
Now it's wait time... Don't you dare sell a sat until at least ATH.
We're all blessed. Thank you Satoshi!
Been catching up with last two days' posts. Looks like there was a party in these here parts -- missed it due to RL keeping me busy...
Funny how all those live GIFs now show 1458 days left...
Now it's wait time... Don't you dare sell a sat until at least ATH.
We're all blessed. Thank you Satoshi!
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