I think you mentioned it already: Transaction spam to slowly raise the fees and to denigrate btc by constantly promoting "btc impossible to use in real life due to high transaction fees" even in television.
I have my own opinion who has interests in denigrating BTC but I wont call names here ... roger that? ;-)
Topic: Why have the fees so drastically dropped ? - page 3. (Read 709 times)
I am curious as to why did the fees did drop so much since the last peak of interest, last december.
Is it just because there is less people using Bitcoin as of now ? Or was it because of a low fee transaction spam that took place back then ?
Or on the top of the hype, too much people tried to use it to transact ?
As I see it, if someone broadcasts a sufficient amount of transaction with low fees, legit users will have to put a higher fee to get their transaction included right away.
The "attackers" can slowly raise the fee to drive it up, up to 1000sat+/byte as we saw. Miners could coordinate efforts to conduct this attack since they recover the fees.
With all the BTC/BCH drama, I don't know what Ver and his friends are up to in order to drag people on their coin.
Today, 40sat/byte will include your transaction in the next block.
What are your thoughts on this matter ? What explains the fees dynamics ?
Is it just because there is less people using Bitcoin as of now ? Or was it because of a low fee transaction spam that took place back then ?
Or on the top of the hype, too much people tried to use it to transact ?
As I see it, if someone broadcasts a sufficient amount of transaction with low fees, legit users will have to put a higher fee to get their transaction included right away.
The "attackers" can slowly raise the fee to drive it up, up to 1000sat+/byte as we saw. Miners could coordinate efforts to conduct this attack since they recover the fees.
With all the BTC/BCH drama, I don't know what Ver and his friends are up to in order to drag people on their coin.
Today, 40sat/byte will include your transaction in the next block.
What are your thoughts on this matter ? What explains the fees dynamics ?
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