Yep. But really this ain't shit. Wait until the wealthy start using it to move money around for real. $1000 is 0.1% of $1 million. They won't GAF about high network fees, but it's going to suck for us plebs. We'll all be forced to use custodial lightning services.
Discussion
So are transfer orices not going to come down? I have sats to put in cold storage soon!
I've been wanting to consolidate all of my kids' UTXOs onto a new hardware wallet but I haven't done it yet because of the fees lately. Maybe I should because what if fees only go up more?
True. Im still waiting on my last transfer to go though. Its been over 20 days waiting for 100,000 sats to move!
Yeah I had a transaction stuck in the mempool for a couple weeks the last time that ordinal spam drove up fees like this. 🤷