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The Bitcoin mempool is getting weird. 3 blocks in a row at over 500 sats/vByte.

Yep things seem odd, but Odell says Bitcoin working as it should which I get but this is a very hyper accelerated fee period . Guess we’ll see how it pans out over time 🤷‍♂️

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Discussion

Derek Ross 2y ago

Things are working as intended, but the fiat price does not reflect the sats fees IMO.

BitcoinSandy 2y ago

Exactly

BitcoinSandy 2y ago

It’s because it’s not being used as most thought would happen. Data storage as opposed to monetary value currently but that will change as wider adoption occurs. Fees will remain higher but value will also increase. Strange to see its use case currently that’s all 🤷‍♂️