El duderino_
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BTC + Crossfit, living life.
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20 th of April. The Bitcoin halving took place. Historical day.
#FirstHaiku
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El duderino_
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Activity: 2660
Merit: 13071
BTC + Crossfit, living life.
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April 20, 2024, 06:41:35 AM |
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Going to the gym not for weightlifting sessions but participating in a intens workout program called ''Insane''.
Insane is a high-intensity interval training with long periods of heavy endeavor alternated with short stops will result in approximately burning 1000 calories!
Not that i'm fat but for increasing my physical condition/endurance.
Let's go!
Going as well to the Crossfit in about 1h and 30min you should try it as well... its amazing
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El duderino_
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Activity: 2660
Merit: 13071
BTC + Crossfit, living life.
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April 20, 2024, 06:49:04 AM |
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Happy Halving! Next goal: $1 million / BTC !
Goal by goal first things first A solid ATH... Then 100 k Chopper
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 20, 2024, 07:01:13 AM |
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ExplanationChartbuddy thanks talkimg.com
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philipma1957
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'The right to privacy matters'
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April 20, 2024, 07:22:40 AM |
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We are up about 7.30X since the last halving on may 11, 2020 or 730% in 1439 days or 0.1385%/day or 65.7% a year. Not bad, lol
65.7% a year means 482469.65 on 2028 I will sign on for that.
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OutOfMemory
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Man who stares at charts (and stars, too...)
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April 20, 2024, 07:26:28 AM |
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Dude, what a crazy read. The last few lines tell it all: Days of no sleep... Poor guy fell into the conspiracy-theory trap hole and went insane. Our biggest enemy is our own mind. Slept over the halving No party, this time
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LoyceV
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Thick-Skinned Gang Leader and Golden Feather 2021
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What's the opinion on Bitcoin transaction fees here? I'd say Bitcoin is broken if any UTXO under 0.001 BTC isn't even enough to pay for it's own transaction fee. Blocks now have a 3.125 BTC block reward and 10 BTC transaction fees. And as the above image shows: only a few percent is used by normal Bitcoin users with normal transactions. Spammers literally pay 4 million dollars per hour now to create meaningless Bitcoin dust. See mempool.space for Mempool Goggles, and click Data to see only the "Ordinal" spam.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 20, 2024, 08:01:13 AM |
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ExplanationChartbuddy thanks talkimg.com
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BlackHatCoiner
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Bitcoin is a royal fork
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April 20, 2024, 08:18:34 AM |
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What's the opinion on Bitcoin transaction fees here? I'd say Bitcoin is broken if any UTXO under 0.001 BTC isn't even enough to pay for it's own transaction fee.
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OutOfMemory
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Man who stares at charts (and stars, too...)
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April 20, 2024, 08:26:52 AM Last edit: April 20, 2024, 08:46:53 AM by OutOfMemory |
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What's the opinion on Bitcoin transaction fees here? I'd say Bitcoin is broken if any UTXO under 0.001 BTC isn't even enough to pay for it's own transaction fee.
My opinion is that Ordinals were just a useless addition to Bitcoin. Maybe the chain should be split in a Core and an Ordinals variant, maybe with higher blocksize limit on the latter, to satisfy those blockwar-morons? IDK, but i wish inclusion of Ordinals would be rolled back ASAP. Who needs another sea of NFT's anyway? I wish developers and individuals voting for BIPs would take a more cautious approach to add bitcoin functionality. It's not that hard. Just try to keep an eye on possible unwanted effects and outcomes of software "solutions" to problems or added functionality and address them before actually changing any code. This type of thinking was the reason why i was hated by most collegues and even some of my bosses ("destroying" their "great" visions through factual criticism), and successful at the same time (through my own contributions and working alternatives to their "great" solutions) when i was working in the IT industry, back then. Maybe Ordinals were orginally intended to break Bitcoin, who knows? I don't have enough background information on this branch/feature, so this is pure hollywood scriptbook thinking of mine. But, with an eye on NFTs and the presence of Bitcoin's slow transaction rate and limited block size, it would result in a nice attack vector to include the possibility to spam blocks, tainted as functionality. Anyway, i was unhappy with the Ordinals idea as soon as i read about it the first time. This block spam confirmed my worries. EDIT: And the whole drama with fees does have a touch of Ethereum to it, in regard to your original question, dunnit?
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somac.
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Activity: 2106
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Never selling
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April 20, 2024, 08:58:14 AM |
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I thought the fees would have come down a bit more by now but let's see how economical it is for these spammers to keep it up. Everytime this has happened before fees have come back down to reasonable levels, I don't think it will be different this time.
What I do know though is that I will not be transacting on the network while this keeps up.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 20, 2024, 09:01:15 AM |
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ExplanationChartbuddy thanks talkimg.com
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bitcoinPsycho
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$120000 in 2024 Confirmed
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Price to follow
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Amphenomenon
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April 20, 2024, 09:53:43 AM |
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This is my first post at WO, after my first halving, Thank God for life Now for the big question When is the dip coming My colleague and I were really excited that we're going to buy the dip but now what we see sadden us while the sudden rise in fee is discouraging though it's getting better probably before the end of the day it will be normal
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 20, 2024, 10:01:14 AM |
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ExplanationChartbuddy thanks talkimg.com
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somac.
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Activity: 2106
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Never selling
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April 20, 2024, 10:03:47 AM |
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This is my first post at WO, after my first halving, Thank God for life Now for the big question When is the dip coming My colleague and I were really excited that we're going to buy the dip but now what we see sadden us while the sudden rise in fee is discouraging though it's getting better probably before the end of the day it will be normal Will be multiple days before the fee is back to normal I think
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Amphenomenon
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April 20, 2024, 10:05:59 AM |
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This is my first post at WO, after my first halving, Thank God for life Now for the big question When is the dip coming My colleague and I were really excited that we're going to buy the dip but now what we see sadden us while the sudden rise in fee is discouraging though it's getting better probably before the end of the day it will be normal Will be multiple days before the fee is back to normal I think Yes but the fee we been having since like the past week, we probably will still get it later today
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philipma1957
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Activity: 4270
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'The right to privacy matters'
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April 20, 2024, 10:54:37 AM |
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I thought the fees would have come down a bit more by now but let's see how economical it is for these spammers to keep it up. Everytime this has happened before fees have come back down to reasonable levels, I don't think it will be different this time.
What I do know though is that I will not be transacting on the network while this keeps up.
fees will stay high from now on. btw if a fee is 20 cents for a 3 dollar spend I would say that's too high the bit coin maxers will be forced into scrypt for small sends.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 20, 2024, 11:01:14 AM |
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ExplanationChartbuddy thanks talkimg.com
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criptoevangelista
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In ₿ we trust
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April 20, 2024, 11:09:15 AM |
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The fees are very high, I read that it is because of the launch of something called RUNE, (I don't know what it is about)... but I will probably have to accumulate some BTC from DCA on an exchange before withdrawing... unfortunately. I hope things get back to normal soon.
Does anyone have any alternative to this, of keeping some BTC in an exchange for a while? before withdrawing to the wallet? I don't think there's much to do except wait
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