Subnostr

This was before my time, but I can't believe how high the fees were back then compared to now. The median fee in this block is generational wealth for like ten families.

Gunson 2y ago

🤔 why were fees so high when blocks weren't anywhere close to being full?

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Discussion

Zach⚡️ 2y ago

It’s a halving block. People were doing it as a form of celebration. It’s not representative of the normal market.

₿logging₿itcoin 2y ago

Yes, but fees were higher back then because they were considered free or almost free since the fiat value was so low. At least that's how I thought about it in 2014.

Gunson 2y ago

the blocks on either side also have quite high fees considering they're empty. Maybe fee estimation wasn't as good