It’s unlikely to be an attack based on current evidence. However, if this continues (6+ BTC in fees per block) for the next three or four weeks, we’ll have to start asking who’s bankrolling this. Degens are degens, but their pockets can’t possibly be that deep
Discussion
Thanks Avi.
What worries me is such an attack can be mounted as will with enough backing by individuals or anti-Bitcoin entities.
well said. they'll run out of funds here soon enough and go back to their original grift on their shitcoin chains, until they raise more funding to come back to bitcoin. if they don't, then something would seem off, because the current fee rate is not sustainable long term.