Replying to Avatar TBone

Ten days ago, we were expecting a downward difficulty adjustment of 4.5%

Then the clowns started spamming the blockchain.

The recommended fees went up.

The mempool had half a million pending TXs.

So miners hit the NOS button to collect as much of these clowns' money as possible.

Now we're expecting an upward difficulty adjustment of 2.25%.

Fees are affordable again.

Mempool is down to 250k pending TXs

What to take from this.

The incentives of the Bitcoin network actually work.

When you try to attack the network, it just becomes more resilient.

The clowns don't have deep enough pockets.

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Baz. 2y ago

The system works!

But I'm surprised that it's only a 2% bump 🤷

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