Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed
https://www.reddit.com/r/btc/comments/13byu48/average_bitcoin_transaction_fees_skyrocket_to/
https://www.reddit.com/r/Bitcoin/comments/13bwyjx/36_hours_since_transaction_was_made_and_has_not/
12 hours later....
Bitcoin Cash (BCH)
Next Block Fee: $0.0006
Weekly Median Fee: $0.0005
Bitcoin Core Bitcoin Core (BTC)
Next Block Fee: $40.25
Weekly Median Fee: $18.76
https://www.reddit.com/r/Bitcoin/comments/13cd48f/im_trying_to_receive_bitcoin_on_coinbase_they/
https://www.reddit.com/r/Bitcoin/comments/13c1cxq/binance_makes_large_bitcoin_transfer_as_btc/
Application_Sure
•
9 hr. ago
How long should we wait before considering the transaction forgotten? I did a transfer on April 28th that hasn't gone through yet. I don't want to accidentally transfer my BTC twice.
https://www.reddit.com/r/Bitcoin/comments/13bn5pr/why_is_the_mempool_suddenly_so_congested/
sweetsimplesauce
•
17 hr. ago
This is because of the sudden demand for limited block space. The sudden demand is from shitcoin grifters that are minting or trading stupid ВRС-20 tokens in hopes that idiots will buy them so that they make a lot of profit.
57.9% of today's bitcoin transactions were minting or transferring ВRС-20 shitcoins.
Hopefully this scammy fad will be short lived. As always with this kind of grift, being first pays off, and that's why these shitcoin grifters are willing to pay higher and higher transaction fees to get their transactions included in a block first.
Upvote
224
https://www.youtube.com/watch?v=3VR108sVFpE
BREAKING: BITCOIN CAN'T CONFIRM TRANSACTIONS!!! Network Spammed (BRC20 Mania)
Ivan on Tech
https://www.reddit.com/r/Bitcoin/comments/13bll74/this_bitcoin_user_spent_over_15k_to_send_just_34/
This Bitcoin User Spent Over 15K to Send Just 3.4 BTC
LN is not the solution....pay over $40 to join a channel....wait days or weeks to join....your btc is not in your custody when you use LN.
Satoshi said the solution was bigger blocks and thats why BCH is never going to have the same issues as btc core.
1BCH=3btc tx.....let that sink in
https://www.binance.com/en/support/announcement/binance-will-support-the-bitcoin-cash-bch-network-upgrade-5b99b3ffdb4f4954aa5896ad269c5433
5 days left for Cashtokens to go live...
Bitcoin Cash Smart Contracts 'Comparable to Those on Ethereum Possible via May Upgrade,1000x Efficiency Advantage
Yes. Cashtokens enable decentralized applications on Bitcoin Cash comparable to those on Ethereum, while retaining Bitcoin Cash’s over 1000x efficiency advantage in transaction and block validation.
Ethereum developers can think of Bitcoin Cash as featuring transaction-level sharding of both data and execution, account abstraction, deterministic gas pricing, all-or-nothing transaction chaining, zero-delay re-spending, a wider selection of MEV-resistance strategies,
and no-fee contract deployment – user wallets both “deploy” and “destroy” contracts incrementally as part of their usage, improving overall network throughput and real-world privacy.
All of this exists at “layer 1”, with exceptionally low-bandwidth transactions, low-resource archival nodes, ever-improving scalability (already 25,000 transactions per second on modest, 2020 hardware), and multiple strategies for “layer 2” systems if needed
The Bitcoin Cash (BCH) network upgrade will take place at 2023-05-15 12:00 (UTC).
https://www.reddit.com/r/Bitcoin/comments/13chlee/is_this_true_how_much_of_a_problem_are_high_fees/
cocoabeachbrews
•
19 hr. ago
Opening and closing channels is cost prohibitive right now. Managing existing channels could be more expensive right now too. If you have a node with a few large channels already open everything should be fine unless fees never come back down - in which case you will probably be losing money to run your lighting node.
Upvote
12
https://twitter.com/LN_Capital/status/1655591483519508487
LN Capital
@LN_Capital
Most routing nodes would never financially recover from a force closed channel right now.
https://twitter.com/binance/status/1655905549467172864?cxt=HHwWgIC2md3U-votAAAA
Bitcoin Ordinals are coming to the #Binance NFT Marketplace!
Ordinals have allowed for unique NFT-style collections to be inscribed on the #Bitcoin blockchain.
Find out more, including how to collaborate with us to get your collections added
Prepare for record breaking btc core fees and wait weeks to do a btc core tx.
https://twitter.com/frankdegods/status/1655863756151472128
@frankdegods
Bitcoin devs are trying to cancel ordinals
I seriously see a big change coming...something is happening and it involves BCH.
With the new BCH upgrade i see many stablecoins coming USDC,TUSD and USDT....this will bring an insane amount of liquidity to BCH
The USDT guys...Binance and others could easily switch and make some huuuuge financial gains..more than making btc core over $50k
If BCH gets majority POW it becomes Bitcoin....and with so many maxis pissed of with core ...this could happen soon.
The reason why btc core is breaking is because of the updates by the core dev team to the Bitcoin protocol in the form of the Taproot (November 2021) and SegWit (August 2017) upgrades. As a result, ordinal inscriptions do not require a sidechain or separate token, and allow the creation of true, immutable collections on the Bitcoin blockchain.
Also even if Core wanted to fork now they cannot remove segwet....BCH forked before segwet was implemented.
$115 for a Bitcoin just now....this is the time to buy and share...give the people you love a Bitcoin.
BCH is about to...
https://beincrypto.com/bch-price-up-network-upgrade-hold-or-sell/
Bitcoin cash is about to become a proper 3.0 Blockchain
BCH with the new upgrade will be like OG BTC and ETH POW combined with super speed(near instant) and ultra low fees(fractions of a cent)...No need for POS.
BCH will be the most powerful and decentralized smart contracts platform in the world.
There will be dex's like Uniswap...stablecoins...RWA'S....
This will be the place to build smart contracts without the worry of supply controlled by VC's on POS chains....
https://www.youtube.com/watch?v=yCCAsEkPLzI&t=3s
John Nieri on Bitcoin Cash's AnyHedge, BCH Bull, and the Future of CashTokens
Digital Cash Network
We all love ETH in some way...but this is something to be worried about....
The Ethereum mainnet was unable to fully confirm transactions for about 25 minutes on Thursday, with blocks getting proposed but not being finalized. Users of the blockchain saw that their transactions were going through. However, during the 25-minute span, they were at risk of being altered because of the malfunction.18 hours ago
btc core...clogged up, slow, very expensive...unusable
ETH..downtime...for just under 30mins...slow...expensive..unusable
Its time for people to wake up...
BCH 3 days away from smart contracts upgrade...0 downtime...super fast(near instant),cheap.(fractions of a cent)
[moderator's note: consecutive posts merged]