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Discussion
Purge below 18.2 sat/vB
francispouliot_ had this one on twitter to show what's currently being inscribed. This is as random nonsense as it can get. The spammer is literally trolling us.
Looks like an attack. We knew this was possible. But how long will tactic this be viable? I
Not long with the amount of money they are losing
They can print unlimited money. π€
Ahh but of they mine their owm transactions, it costs them nothing but the overhead. The question is, can they create enough fee pressure to motivate legitimate actors to pay higher fees?
In fact it depends on how much the shitcoiners are willing to pay... If you pay 200$ in fees but selling your jpegs more than 200$ then it can continue forever. I started to consider this as an attack on bitcoin financed by gamblers π€·ββοΈ
Jihan and Roger had to eventually give up in 2017. I give it a few weeks max.
Who would be attacking tho? Are some miners trying to keep the fee floor high by spamming their own mempools and blocks? When Jihan was agitating for higher bloclsize, I seem to recall speculation that miners in China were able to do this.
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Fucking shitcoiners
The worst are the scammers who mint shitcoins and earns bitcoin off the unsuspecting retail. But hey you gotta get burned to learn.
Someone's willing to burn through their btc. Why though?!
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Miners gettinβ theirs right now