Ordinal blockchain irking me, causing almost $40 median fee now...

[snipie]

It sucks, ordi, sats, etc. all of these are causing the pain. I thought that we will see some light this weekend with the fees but no, we do not.

I am not also willing to pay such fees with small transactions. I might just pay that fee if I have got hundred thousand transactions to a millions.

 

Better to keep our money in the safe until the fees drop a little. I was obliged to spend earlier an amount of bitcoin equivalent to $500 and paid like $27 for the transaction to be done quickly because I was in hurry and you can imagine how happy I was doing it!
I used to spend 1/10 of that fees price, it is just ridiculous. That's why some people just use altcoins for daily, fast and numerous transactions. If I wasn't in rush, the fees would be much lower at that time

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[boyptc]

It sucks, ordi, sats, etc. all of these are causing the pain. I thought that we will see some light this weekend with the fees but no, we do not.

I am not also willing to pay such fees with small transactions. I might just pay that fee if I have got hundred thousand transactions to a millions.

 

Better to keep our money in the safe until the fees drop a little.

Yup.

Money is money and we won't pay that high fees. A $15 or $20 is still something that I can spend for some other better things if I don't have much at all to transact.

Thus, there's no expiration of these holdings that we've got so there's no need to push these transactions at the moment.

I was obliged to spend earlier an amount of bitcoin equivalent to $500 and paid like $27 for the transaction to be done quickly because I was in hurry and you can imagine how happy I was doing it!
I used to spend 1/10 of that fees price, it is just ridiculous. That's why some people just use altcoins for daily, fast and numerous transactions. If I wasn't in rush, the fees would be much lower at that time

Ridiculous but it is what it is when you need the money asap.

[Luzin]

I think it's obvious already that these inscriptions are just a pain in the ass for many of us that's using bitcoin to do some sort of transactions because the tx fees that we could've used for other stuff, we have to spend it on tx fees. The reason that these ordinal shit is still existing is that the miners will be the one that's affected because this is a gold mine for them, the higher the tx fees, the bigger they're getting out of this so unless they don't mind the developers putting a stop to this ordinals, we won't see any changes anytime soon.

Before BRC-20 or Ordinal the issue of Scalability had been a major discussion. A few years ago Bloksize had reached an agreement to be enlarged. But zooming in on scalability would add to Bitcoin's weakness. So it seems to be a new problem. As long as developers continue to use the BTC blockchain, this problem will not be resolved. It will continue to get congested and reduce confidence in BTC due to the slow network. Banning the development of BRC-may be a solution but since the blockchain network is open it seems impossible. I just kept worrying when my wallet only supported Bitcoin and there was no other cheaper transfer alternative so my transfer fee was more expensive than the amount of BTC I sent.

[KiaKia]

I was on phone with a family member yesterday discussing about how ordinals will affect the performance of Bitcoin in the next bull market, it will be almost impossible to sell your Bitcoin and take profit instantly because $100 on one transaction is in sight already, I believe we will see this target in a bull market.

The even sad part is that many new BRC20 projects are in the making and people are investing heavily on them, as if they believe it will make them rich in a bull market, this will consume the whole bitcoin network and many people will be pissed.

It's really a shame that we have to deal with this, I don't even want to imagine it as it will get very ugly, it's not an exaggeration, because even before Ordinals came we always have high transaction fees to pay when Bitcoin makes a new all time high.

[Arenga pinnata]

...

mempool.space

I don't want to spend $40 to consolidate here.  I guess I'll just have to wait.  And wait & wait & wait???   


       


Maybe only a much higher BTC price will stop those ords from infesting the mempool....

But after Brc-20 tokens started to be issued one by one on binance I started to be pessimistic that the ordinal hype would end soon. Maybe this will last quite a while. Seeing fees that continue to be high without decreasing really makes everyone who wants to make small transactions currently confused. Because the amount of fees spent can be greater than the amount of BTC that will be sent. And if the fee is reduced, transactions will only continue to float and will not be confirmed in the near future. Unless you use Accelerator. I hope the fees can return to normal again. But maybe we'll have to wait a little longer for the hype to end. Because as I read, this is not because the price of bitcoin is rising or because of a bull market. But because the hype on the Brc-20 network still continues.

[Alpha Marine]

All what BRC20 story made BTC blockchain much worse. Everyone hated ETH for its fees but now even BTC have that 40USD fees. And this story may be for months or even years if devs will not do anything (they will not). Sad. There are not so much crypto merchants and even less of them accepts anything that is not btc.

It's so frustrating. Things like this hinder Bitcoin adoption. It doesn't matter if the whole world uses Bitcoin, people get frustrated when they can't send and receive their Bitcoin within minutes.
Bitcoin adoption to me is when I can send and receive Bitcoin anywhere at any time, not just how many people use Bitcoin.

You could wait hours, a whole day in some cases before a transaction can be confirmed. Using an accelerator won't even let you confirm the transaction on time, you've got to wait a few more hours depending.

[Wind_FURY]

...

mempool.space

I don't want to spend $40 to consolidate here.  I guess I'll just have to wait.  And wait & wait & wait???  


       


Maybe only a much higher BTC price will stop those ords from infesting the mempool....

You know what should irk you more? When a bad actor uses Ordinals to build a sustainable market to keep Bitcoin congested. Plus what would definitely irk you most would be when an "Ordinals-based" company called "Tap Protocol" raises millions of U.S. Dollars to develop and build apps on top of Bitcoin for gaming and "decentralized finance", which will keep the network congested.

But how long will the excitement around Ordinals/BRC-20 continue? I believe we could ask Ethereum users. How long have their users lived through high fees? Since 2017?

[DooMAD]

Its possible to stop BRC20 spams from congesting the network and the fix is expected to be with v27.0 in May

I keep seeing people saying this, but I honestly wouldn't get your hopes up.  Don't believe everything you read.  One dev had some premature ideas and made a big song and dance of it on social networks and then the media picked it up.  Aside from that, no one else seems to be taking things any further.

[dansus021]

your story same as I do https://bitcointalk.org/index.php?topic=5473421.0

The fees are crazy and the miner is at the peak of profit right now

I notice it before the ordinal even existed when bitcoin pumps the bitcoin network will be hit hard by the congestion.

[Wind_FURY]

Its possible to stop BRC20 spams from congesting the network and the fix is expected to be with v27.0 in May

I keep seeing people saying this, but I honestly wouldn't get your hopes up.  Don't believe everything you read.  One dev had some premature ideas and made a big song and dance of it on social networks and then the media picked it up.  Aside from that, no one else seems to be taking things any further.

What's the "fix"? What I read is the "fix" is nodes won't broadcast Ordinals and BRC-20 transactions across the network. But can't Ordinals/BRC-20 users merely send their transactions directly to the miners and have them included in their blocks for confirmation?

your story same as I do https://bitcointalk.org/index.php?topic=5473421.0

The fees are crazy and the miner is at the peak of profit right now

I notice it before the ordinal even existed when bitcoin pumps the bitcoin network will be hit hard by the congestion.

It's different today. I don't think I saw the fees surge this high and stay high this long before. I have argued for censorship-resistance and that they have the same right is everyone to use the network, but I'm annoyed and I am worried to be honest.

[Out of mind]

Currently, the transaction fees for Bitcoin transactions are truly surprising. Due to high transaction fees many users are struggling and unable to complete transactions, leaving them with no option but to reduce sat/vt. But if you want to transact more amount of money, then there is no problem if you charge a little more fee in that case. But when trading small amounts, you must wait until the high pressure level of trading subsides.

[DooMAD]

What's the "fix"? What I read is the "fix" is nodes won't broadcast Ordinals and BRC-20 transactions across the network. But can't Ordinals/BRC-20 users merely send their transactions directly to the miners and have them included in their blocks for confirmation?

There isn't a fix.  Short of abandoning all pretense of permissionless freedom on the Bitcoin network (which is obviously an untenable position).

Someone on GitHub referred to luke-jr's pull request as an:

easily worked around hack.

I'm in full agreement with that assessment.  It doesn't "fix" anything.


My instinct is to take the stance that many here in the community at the moment don't fully appreciate what we have.  They've got Bitcoin, but they only deserve something like Ripple.  That's a network where they prioritize fees over freedom.  I want no part of networks like that and that's why I'm here.  All the people whining about ordinals should ask themselves what they're still doing here.  Ingrates.

[pooya87]

What's the "fix"? What I read is the "fix" is nodes won't broadcast Ordinals and BRC-20 transactions across the network. But can't Ordinals/BRC-20 users merely send their transactions directly to the miners and have them included in their blocks for confirmation?

That's correct but lets first consider how this attack works and why.
Unlike previous spam attacks when a centralized entity has to spend money out of pocket create large number of transactions paying increasing amount of fee to clog the network, this time it is regular users who are brainwashed into thinking what they are buying is an NFT token so they spam the chain themselves.

If these abusive transactions become non-standard (nodes stop relaying them) it could potentially eliminate a large number of attackers (aka the regular brainwashed newbies I mentioned above) because for starters they don't even know how to use bitcoin. Additionally any kind of workaround with extra steps where they have to contact a miner covertly and have them mine their transaction is too complicated for them. Not to mention that it would be possible that the pool demands extra payments (fiat payment paid separately to the pool owner).
This is my speculation but I'd say it has a good chance of being correct.

[Wind_FURY]

What's the "fix"? What I read is the "fix" is nodes won't broadcast Ordinals and BRC-20 transactions across the network. But can't Ordinals/BRC-20 users merely send their transactions directly to the miners and have them included in their blocks for confirmation?

There isn't a fix.  Short of abandoning all pretense of permissionless freedom on the Bitcoin network (which is obviously an untenable position).

Someone on GitHub referred to luke-jr's pull request as an:

easily worked around hack.

I'm in full agreement with that assessment.  It doesn't "fix" anything.


My instinct is to take the stance that many here in the community at the moment don't fully appreciate what we have.  They've got Bitcoin, but they only deserve something like Ripple.  That's a network where they prioritize fees over freedom.  I want no part of networks like that and that's why I'm here.  All the people whining about ordinals should ask themselves what they're still doing here.  Ingrates.

To put ourselves in their shoes, I believe they ARE actually asking themselves what are they still doing here. People who merely want to use Bitcoin to send small amounts of value across the network are priced out by users who think that they're dick pics and fart sounds have value.

During the next cycle, the issue/debate might be who should now bear the cost of using the network. It will be another debate about the block size, because a mere block size increase will transfer the cost from the users to the node operators.

What's the "fix"? What I read is the "fix" is nodes won't broadcast Ordinals and BRC-20 transactions across the network. But can't Ordinals/BRC-20 users merely send their transactions directly to the miners and have them included in their blocks for confirmation?

That's correct but lets first consider how this attack works and why.
Unlike previous spam attacks when a centralized entity has to spend money out of pocket create large number of transactions paying increasing amount of fee to clog the network, this time it is regular users who are brainwashed into thinking what they are buying is an NFT token so they spam the chain themselves.

If these abusive transactions become non-standard (nodes stop relaying them) it could potentially eliminate a large number of attackers (aka the regular brainwashed newbies I mentioned above) because for starters they don't even know how to use bitcoin. Additionally any kind of workaround with extra steps where they have to contact a miner covertly and have them mine their transaction is too complicated for them. Not to mention that it would be possible that the pool demands extra payments (fiat payment paid separately to the pool owner).
This is my speculation but I'd say it has a good chance of being correct.

If it's truly a nefarious entity that's using Ordinals as an attack vector, then that entity will provide tools and apps for newbies to make it easier to send their Ordinals transactions to a miner.

[pooya87]

If it's truly a nefarious entity that's using Ordinals as an attack vector, then that entity will provide tools and apps for newbies to make it easier to send their Ordinals transactions to a miner.

We always make spam harder not impossible. Every single standard rule can be broken if you contact a miner. But mining pools aren't the most willing to become pariahs in the Bitcoin community by explicitly accepting something that is being rejected by majority of the network as non-standard (assuming it gets implemented for Ordinals Attack!) which means we make it "harder" to spam.

You should also consider the pool owner's fear of having their mined block rejected. Take a look at this case here. A perfectly valid but non-standard transaction that they refused to include in their blocks regardless of its high reward. It took more than a year and an actual block being mined on testnet to show them it is valid to get it picked up.

[retreat]

I also feel the same as you feel, since I have to wait for the fees to decrease so that my transaction can be processed. Just imagine I have to spend 13 USD just to process a payment worth 60 USD, it just doesn't make sense.
I understand that congestion is a normal thing, especially if Bitcoin is entering a bull market, and all we have to do is wait until the network can return to normal. But how can we possibly convince people to use Bitcoin when this congestion continues and developers don't seem to be taking any good steps? If problems like this continue to occur and Bitcoin core devs seem to turn a blind eye to it, I'm worried about the future of Bitcoin

[davis196]

...

mempool.space

I don't want to spend $40 to consolidate here.  I guess I'll just have to wait.  And wait & wait & wait???   


       


Maybe only a much higher BTC price will stop those ords from infesting the mempool....

I can't see a direct correlation between the Bitcoin price and the "ords infecting the mempool".
Do you really think that a 70-80K USD Bitcoin price would miraculously lower the transaction fees on the blockchain?
A higher price means that the short term demand for BTC increased, which means more BTC transactions on the blockchain and more transactions mean higher fees and longer confirmation time. Off chain solutions like the Lightning Network still can't get mainstream adoption.
Removing the ordinals from the blockchain would most likely lower the amount of transactions(and the fees), but the miners want higher fees and more revenue.

[TrustedBitcoiner]

I also feel the same as you feel, since I have to wait for the fees to decrease so that my transaction can be processed. Just imagine I have to spend 13 USD just to process a payment worth 60 USD, it just doesn't make sense.
I understand that congestion is a normal thing, especially if Bitcoin is entering a bull market, and all we have to do is wait until the network can return to normal. But how can we possibly convince people to use Bitcoin when this congestion continues and developers don't seem to be taking any good steps? If problems like this continue to occur and Bitcoin core devs seem to turn a blind eye to it, I'm worried about the future of Bitcoin

Pretty sure high fees forever is the end game for bitcoin. Without fees miners will have no incentive to secure the network, and since increasing block size is out of the question, then higher fees is the only way forward.

Ordinals might have prematurely brought on the high fees, but make no mistake it is very much the plan for bitcoin transactions to be expensive.

[pinggoki]

Tell that to the miners that are getting all the benefits out of this stupid trend. It's weird to me that the devs aren't doing anything about this or are they stalling because they're somehow benefiting from all of this ordinal shenanigans? Good thing I'm hodling for the long-term because if not I would've been losing a lot of my stash in transaction fees.

[TrustedBitcoiner]

Tell that to the miners that are getting all the benefits out of this stupid trend. It's weird to me that the devs aren't doing anything about this or are they stalling because they're somehow benefiting from all of this ordinal shenanigans? Good thing I'm hodling for the long-term because if not I would've been losing a lot of my stash in transaction fees.

A few year ago "big blockers" lost their shit over the devs plans to have high fees forever on BTC and have all low value transactions goto LN, do you not remeber that?
now we are locked in...
Layer1 is for high value transactions only ( ex Elon musk selling tickets off this sick sad world) and Layer2 is for the presents ( ex you buying a 12pack of beer and bag of chips )

pretty sure devs arent doing anything about this because its plays in prefectly into their plans to get you on "btc's second layer"