I agree. What is that number telling us?
Discussion
That we’re fucked
I figure that but in more technical terms is that saying that’s what the transaction fee is now up too?
You can still broadcast transactions specifying what you’re willing to pay per vbyte, which doesn’t have to be remotely close to that number.
Broadcasts a 4sat/vb transaction... So you're saying there is a chance?
I mean, you can do it, but that does not mean it’s going to be included in a block.
You may need to wait for a long time before it clears.
I don't like seeing transactions in limbo due to low fee rate, so in this situation I would wait til it drops a bit then probably fomo at like 100 sat/vb thinking it I'd never going to get low again.