Is anyone else glad Bitcoin is calming down?

[larry_vw_1955]

How do you suppose this could be done?

Having a block maxed out with a lot more transactions is an incentive to the miners, as they will earn some more Bitcoins from the transaction fees on top of block rewards.

i guess if a miner had a large share of the network and they wanted to cause damage to it they could refuse to include transactions and just fill up blocks with whatever they wanted to, if anything. but as you point out, it wouldnt be in their financial best interest it doesn't seem like. but say they had 30% of the hash rate then i guess they could mine 30% of the blocks so they could slow down the network by 30% if they just mined empty blocks.

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[philipma1957]

How do you suppose this could be done?

Having a block maxed out with a lot more transactions is an incentive to the miners, as they will earn some more Bitcoins from the transaction fees on top of block rewards.

i guess if a miner had a large share of the network and they wanted to cause damage to it they could refuse to include transactions and just fill up blocks with whatever they wanted to, if anything. but as you point out, it wouldnt be in their financial best interest it doesn't seem like. but say they had 30% of the hash rate then i guess they could mine 30% of the blocks so they could slow down the network by 30% if they just mined empty blocks.

Miners cant afford that.

but large pools that do not share fees ie antpool can do it.

in fact they can do zero tx blocks  slowing the network.

and not collect fees for others pointed to their pool

then point their own  hash at viabtc as viabtc shares fees.

so they lose out on antpool blocks but whale on viabtc blocks.

[larry_vw_1955]

Miners cant afford that.

but large pools that do not share fees ie antpool can do it.

in fact they can do zero tx blocks  slowing the network.

and not collect fees for others pointed to their pool

then point their own  hash at viabtc as viabtc shares fees.

so they lose out on antpool blocks but whale on viabtc blocks.

since i don't know too much about mining pools and such maybe it's a dumb question but why would someone mine with antpool if they don't share fees with them ? what's the benefit of mining with antpool in that case? maybe i'm confused about what it means to "share fees" but i'm sure you know.

[Z390]

Who told you that Bitcoin is calming down? We can make a transaction using 1$ today but that's not the end to the mess, what if in the next bull market those BRC20 tokens do very well? There will be big problem, there chances of ordinals doing well before they face a painful end is very high because this mess was created in a bear market, this is the problem.

Every shits that's created in a bear market still pumps in a bull market unless they rugpull before a bull market happens, the mess that ordinals and brc20 will create for Bitcoin will be unforgettable, I can bet this with anyone, the negative impact will be talk about for years to come.

[Z-tight]

Yes, many people are glad that Bitcoin is calming down. The extreme volatility and rapid price fluctuations of Bitcoin have caused uncertainty and unease among investors and the general public.

The op is talking about BTC transaction fees and not the price of BTC, read the op.

Who told you that Bitcoin is calming down? We can make a transaction using 1$ today

It is not accurate to calculate BTC transaction fees or fee rate in any other currency but in sats/vByte, because it is the size of your transaction that will determine the exact fee you'll pay for a transaction.

the mess that ordinals and brc20 will create for Bitcoin will be unforgettable, I can bet this with anyone, the negative impact will be talk about for years to come.

The negative impact is only in tx fees, it does not pose any risk to the BTC network, i know that nobody likes to pay high tx fees, but it is certain in the BTC network, because there will be a time that transaction fees would be the only incentive for BTC miners, and the fees won't be cheap at that time.

[larry_vw_1955]

Yes, many people are glad that Bitcoin is calming down. The extreme volatility and rapid price fluctuations of Bitcoin have caused uncertainty and unease among investors and the general public. The recent stabilization of Bitcoin's price and decreased volatility provide a sense of relief for those who prefer a more stable and predictable market. This calm period allows for a more rational evaluation of Bitcoin's value and potential, and it can contribute to a healthier and more sustainable growth of the cryptocurrency ecosystem.

so immediately after you join this bounty https://bitcointalk.org/index.php?topic=5453238.msg62303563#msg62303563

you start spamming AI comments using chatgpt. it's so obvious.

Yes, many people are glad that Bitcoin is calming down. The extreme volatility and rapid price fluctuations of Bitcoin have caused uncertainty and unease among investors and the general public.

The op is talking about BTC transaction fees and not the price of BTC, read the op.

ChatGPT is not perfect. but isn't there a rule about people just spamming using AI? they really should enforce it if so because these AI comments stick out like a sore thumb and add nothing of value. his is a prime example.  

[Agbe]

ChatGPT is not perfect. but isn't there a rule about people just spamming using AI? they really should enforce it if so because these AI comments stick out like a sore thumb and add nothing of value. his is a prime example.  

I think this days even campaign managers are hunting those participants that is using AI ChatGPT in their comments and posts. And this will also reduce the copy and post from internet. And concerning the topic of the discussion. When bitcoin price is down, those who want to buy will be very happy while for those who want to sell will not be happy. So in all time bitcoin price is a favour to users.

[larry_vw_1955]

I think this days even campaign managers are hunting those participants that is using AI ChatGPT in their comments and posts. And this will also reduce the copy and post from internet.

yeah hopefully. hopefully they get their account deleted and their earnings deleted because they are cheating. are you listening cryptodude?

And concerning the topic of the discussion. When bitcoin price is down, those who want to buy will be very happy while for those who want to sell will not be happy. So in all time bitcoin price is a favour to users.

but figuring out when is the right time to buy and sell is not so easy. are we going up or down from here? no one knows.