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Peter Todd 2y ago

FYI my Alice @OpenTimestamps calendar is out of money in its on-chain wallet; I still have funds in its Lightning wallet.

Since fees are ludicrously high right now I'm not going to refill it. If someone really wants it to work, they can send on-chain funds to it: alice.btc.calendar.opentimestamps.org

My Bob calendar still has 118,000 sats in its on-chain wallet, which should be enough for a few more days, and the calendars run by @BullBitcoin_ and @RCasatta have funds too, so timestamps are still being made. Just not quite as often.

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Peter Todd 2y ago

This is the most recent tx made by Alice, from earlier this morning: https://mempool.space/tx/532029ab0bb629d66db1f7d79ba30e3c8445baa700ce2500bd4067fe73ad8d98

$7 fees! And it paid the bare minimum! šŸ˜‚šŸ˜‚šŸ˜‚

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Melvin Carvalho 2y ago

Thank you for this awesome service.

$7 fees are high, but also buys you are lot of subsidized security

The block chain would be more expensive to spam if the size slowly increased. Which would bleed the spammers dry.

There are other things we could do.

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Peter Todd 2y ago

I don't think fees are high because of "spammers". There isn't that much inscription activity right now. More likely fees are high from panic buying.

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KingArctan 2y ago

Iā€™d like to believe that but Iā€™m seeing a lot of inscriptions on mempool.space blocks when I just scroll across next blocks waiting txs

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Peter Todd 2y ago

Sure, they exist. But there's a lot more txs than just them. Sudden price rises have always lead to high block space demand.