Mempool Observer Topic

[FeeBuddy]

     

• fastestFee: 7 sat/vB
• halfHourFee: 6 sat/vB
• hourFee: 5 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 2 sat/vB
• halfHourFee: 2 sat/vB
• hourFee: 2 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[Wind_FURY]

     

• fastestFee: 2 sat/vB
• halfHourFee: 2 sat/vB
• hourFee: 2 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

I guess miners aren't so happy these days, but for us regular users it's a great thing when feebuddy is so boring with those 2sat/vB fees  

bitmover, did you add that smiley depending on the fee range?

We can be very confident that they are not happy, but they're probably not that sad too. I believe that in two or three more halvings they will be VERY SAD unless the price surges to more than $500,000 per Bitcoin. Because if it will stay below a minimum price level to make mining profitable, the miners might start a narrative to remove the 21,000,000 supply limit.

Shower thought. If it's truly a situation of life or death for miners, would you consider supporting a change in Bitcoin's supply limit?

   🤔

[bitmover]

We can be very confident that they are not happy, but they're probably not that sad too. I believe that in two or three more halvings they will be VERY SAD unless the price surges to more than $500,000 per Bitcoin. Because if it will stay below a minimum price level to make mining profitable, the miners might start a narrative to remove the 21,000,000 supply limit.

Shower thought. If it's truly a situation of life or death for miners, would you consider supporting a change in Bitcoin's supply limit?

   🤔

Hashrate may just reduce , or hardware may become more efficient... or fees may just skyrocket.

Miner will not become unprofitable,  network can just adjust itself .

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 2 sat/vB
• halfHourFee: 2 sat/vB
• hourFee: 2 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[Wind_FURY]

We can be very confident that they are not happy, but they're probably not that sad too. I believe that in two or three more halvings they will be VERY SAD unless the price surges to more than $500,000 per Bitcoin. Because if it will stay below a minimum price level to make mining profitable, the miners might start a narrative to remove the 21,000,000 supply limit.

Shower thought. If it's truly a situation of life or death for miners, would you consider supporting a change in Bitcoin's supply limit?

   🤔

Hashrate may just reduce , or hardware may become more efficient...

Although true, both of those adjustments will probably be centralizing towards the large miners that have the most hashing power, and the miners that have the most capital to get the most efficient ASIC first.

I believe that can be good and bad.

or fees may just skyrocket.

Miner will not become unprofitable,  network can just adjust itself .

That would be the most perfect of all possibilities, that fees from transactions will be enough to secure the network. But what sort of transactions will it be?

[FeeBuddy]

     

• fastestFee: 5 sat/vB
• halfHourFee: 5 sat/vB
• hourFee: 4 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[joker_josue]

@bitmover
It looks like something wrong is happening with your bot images.

I may need to create an exception for your site's IP for it to work. Check and say something.

[bitmover]

@bitmover
It looks like something wrong is happening with your bot images.

I may need to create an exception for your site's IP for it to work. Check and say something.

Yes, please add an exception for bitcoindata.science.

Talkimg is blocking FeeBuddy.

or fees may just skyrocket.

That would be the most perfect of all possibilities, that fees from transactions will be enough to secure the network. But what sort of transactions will it be?

I will quote Hal Finney's prediction in 2010./

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

[FeeBuddy]

     

• fastestFee: 2 sat/vB
• halfHourFee: 2 sat/vB
• hourFee: 2 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[joker_josue]

@bitmover
It looks like something wrong is happening with your bot images.

I may need to create an exception for your site's IP for it to work. Check and say something.

Yes, please add an exception for bitcoindata.science.

Talkimg is blocking FeeBuddy.

Well, I already created this exception. But unfortunately this is a problem - I don't even know what else to do - so with so many measures that I try to apply, there may be things that remain blocked.

I apologize for the situation. 

[FeeBuddy]

     

• fastestFee: 3 sat/vB
• halfHourFee: 3 sat/vB
• hourFee: 3 sat/vB
• economyFee: 3 sat/vB
• minimumFee: 2 sat/vB