mempools last cleared over six months ago, they may never clear again 👀
bitcoin transaction fees limit network abuse by making usage expensive - there is a cost to every transaction, set by a dynamic free market based on demand - it is an incredibly robust way to prevent spam without relying on centralized entities that can be corrupted or pressured: https://www.discreetlog.com/utxos/
If nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy ever wants to double down I will gladly take the other side of the bet. #MempoolsFullForever
No caps?
Keep it simple keep it fair
And once again folks get all creative on the mailing list. Only allowing utxos that would be able to pay for themselves is what I read today. They confuse the baby with the bathwater
lol
last month has been mostly 1 sat/byte cleanups. is it really congested if you can go for 1.5 sat/byte within a day?
Most brilliant and forward-thinking scaling + engineering design I have ever encountered. I’m humbled.
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx what do you consider larger and small utxo’s now?
The mempool clears with every block although to different fee levels. The fee level "1sat/vB" is kind of arbitrary. Did it clear down to 0sat/vB? Can you proof it did? There is no universal mempool so I doubt you can.
At least after the last almost clear, this one looks and feels a bit more 'real'. Not just a bunch of 1sat inscriptions and such.
Really??? There was barely 20k transactions 48 hours ago in the mempools now there is over 200k. It doesn’t seem organic.
Been slowly building for a few weeks, minus a few hours and days.
Price pumping a bit as well, could be some wallet transfers too. Not sure.
Not all 1 sat currently like it was a month or 2 ago. still a lot but the high spike in fees also seems more organic, not just 6 or 7 sats/vb
They will clear again many times.
They actually just cleared right now, Check again!
I’m looking for an explanation on a transaction such as this. It’s like reverse utxo management, or extreme utxo mismanagement. I see these types every so often and I’m trying to understand the mindset for this.
https://mempool.space/tx/071c179c94044d4210e9035048d3c873bd88fa3ebb3d6abd62a02f7afb3d4cef
Protocol working as intended.
The ultimate “user pays” technology. Modern day toll road for money over IP. Brilliantly simple.
Limited space
♾️ demand
WORKING AS DESIGNED
We love all you're doing for #BTC Mr. Odell. Keep up the good work.
I have already adjusted my internal algorithm to consider successfully transaction at 2 sats/vb as the mempool being cleared 😂
💯🎯🙌
