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Totally sucks right? Which you do know that you cant really be able to make out some transaction due to high transaction fees. Yes, it might not be that much of an issue for those people who do have tons of
money but for those who are just that average then it would really be something that would make you hesitate on doing so. This is really indeed the first time in history on seeing Bitcoins fee price did reach almost $200 which it is really that too much for a certain transaction. The fee did reduce but it is really that still playing around $20 on the fee on which it is really just that too much. Im already that missing that $0.1-0.3 Fee.
For sure it would really be that taking up some a couple of days or might be a week before everything would be normalizing. We dont know on whats the reason with this kind of spam transactions
in the network whether those are legit tx or something that talks about spam or whatsoever.
I think the reason behind about this is many people wants to be part of the blockhalving history and there is a runes currently minting on the Bitcoin blockchain which is I think the reason why the transaction fee keeps increasing it almost 2 weeks when the transaction fee is high before block halving and now after block halving the fees is pretty expensive retailers or smallholders can't able to make a transaction due to fees which is higher than the amount they want to send.money but for those who are just that average then it would really be something that would make you hesitate on doing so. This is really indeed the first time in history on seeing Bitcoins fee price did reach almost $200 which it is really that too much for a certain transaction. The fee did reduce but it is really that still playing around $20 on the fee on which it is really just that too much. Im already that missing that $0.1-0.3 Fee.
For sure it would really be that taking up some a couple of days or might be a week before everything would be normalizing. We dont know on whats the reason with this kind of spam transactions
in the network whether those are legit tx or something that talks about spam or whatsoever.
There's no choice but to wait or if I'm lucky enough to see a free submission on ViaBTC I will include it right away before it becomes 0.
It looks like Runes and inscriptions are being supported by miners in order to push the fees up. It is no accident Runes were launched on the day of the halving.
Bitcoin is a peer-to-peer, decentralized network. Lightning is not peer-to-peer and not decentralized.
The solution is to remove ordinals(Inscriptions and Runes) and make the full 4MB blocks available to transactions which will make the network more efficient.
This is not complicated. It is common sense if you believe that Bitcoin is "electronic cash".
Bitcoin is a peer-to-peer, decentralized network. Lightning is not peer-to-peer and not decentralized.
The solution is to remove ordinals(Inscriptions and Runes) and make the full 4MB blocks available to transactions which will make the network more efficient.
This is not complicated. It is common sense if you believe that Bitcoin is "electronic cash".
It is more likely a plan or a manipulation to me which is why there are runes or inscription minting nowadays is to keep the Bitcoin price at the current level this is just my prediction they use it to congest the network so that people can't sell their BTC while block halving remember the recent bearish last week that keeps all crypto collapse during that week and suddenly transaction fees gradually increasing before block halving? People panic to sell so they use runes and inscriptions to keep the network congested and to avoid retailers and holders selling their coins. What do you think?
