Replying to Avatar Owen G

How much space does it take to register a name? What's the dollar cost when fees are 100sats/vb?
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Ryan 2y ago

It’s an extra output on top of any transaction. The size depends on the length of the name, but it’s quite small.

If you choose a 4 byte name “owen” then it would be 42 vbytes in total to register. That’s 4200 sats fee, or $1.54 at current prices + the cost for the rest of the transaction (it can be any transaction as I said).

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Owen G 2y ago

In the long run it seems like there will be some need for scaling, but for now a few bucks is pretty reasonable for registering a name.

I can't believe these brc20 bros keep relentlessly throwing all their sats at the miners. I assume they will run out of sats at some point and fees will relent.