What has happened with the mempool?

[o_e_l_e_o]

companies that only care about profit

This describes 99% of companies in existence.

Google will bump scams to the top of their search results if scammers pay them. Facebook will run ads for scams if scammers pay them. eBay and Amazon will happily sell scam/sham/very low quality products if it is going to make them a profit. As DaveF was just discussing in another thread, car manufacturers were quite happy to let people die in the name of making profits. Hell, just look at the entire medical insurance industry.

It should be absolutely no surprise to anyone that exchanges such as Coinbase and Binance will quite happily host scams if it makes them a profit. These are the companies which insider trade to make profits, which sell your data to make profits, which charge 100x the necessary fee for withdrawals to make profits. They do not care if their users lose money, like, at all.

[Poker Player]

companies that only care about profit

This describes 99% of companies in existence.

I think you exaggerate too much.

There may be a larger % in giant companies with a large percentage of market share or in quasi-monopolistic positions, but in small and medium-sized companies? Not a chance. Small and medium-sized companies either put giving good products or good services for a good price to people ahead of profit, or they disappear in a short time. Also, a small or medium sized company that tries to rip off customers will soon run out of customers and therefore go bankrupt and disappear.

[o_e_l_e_o]

-snip-

Sure, when you think about small local family businesses who personally know many of their customers then yes, many of them do provide some decent customer service and will go over and above what is required of them. But when you get up to large corporations, all of that goes out the window in favor of their bottom line. And the same holds true when we consider crypto exchanges. When you consider the big players in the space such as Coinbase and Binance, history has shown us repeatedly that they will treat their customers like absolute dirt, as long as they continue to turn a profit.

I'm certain that somewhere in all their legal terms there will be a couple of clauses absolving them of all responsibility from hosting scams. Go and look at the coins Binance offer trading for: https://coinmarketcap.com/exchanges/binance/. Shiba? ApeCoin? Pretty sure they don't care at all about hosting scams.

[jerry0]

So the fees are very low only on the weekends?  Saw  it wast just one sat for low, medium and even high priority earlier but not anymore?

[pooya87]

So the fees are very low only on the weekends?  Saw  it wast just one sat for low, medium and even high priority earlier but not anymore?

Not necessarily. Transaction fees are mostly affected by market volatility these days and if you look at the past 7 days for example[1] we've only had 2 big spikes and 2 small short lived ones. The rest of the time (Tuesday, Wednesday and Friday then Saturday and Sunday) the fees were at the minimum 1 sat/vbyte.

[1] https://jochen-hoenicke.de/queue/#BTC,1w,weight