Mempool Observer Topic

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

[FeeBuddy]

     

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

[FeeBuddy]

     

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

[FeeBuddy]

     

• fastestFee: 4 sat/vB
• halfHourFee: 4 sat/vB
• hourFee: 4 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

[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: 4 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

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

[Wind_FURY]

especially after all the abuse that Ordinals have been doing

You should probably choose a better word than the word "abuse", because none of those transactions that you disliked broke the consensus rules of a permissionless and open system.

Censorship-resistance is a feature.

I don't think  the words abuse in enterily wrong.

I think they were abusing the system because they were using the system for a different goal (data storage) than it was designed to, even without breaking the consensus rules.

I understand your point, that those transactions couldn't be censored at the time. But it looks like that those transactions will become invalid in the future, as consensus rules are about to change to avoid that "abusive usage" of the network (they will add limit to op_return)

But where was the "abuse"? They paid for the same transaction fees that they were willing to pay like any other user who would want his/her transaction to be in the next block, or next to the next block.

It's merely users not liking how other users use Bitcoin.

 ¯\_(ツ)_/¯

It's abuse when you use something for a thing it wasn't intended to. When doctor prescribes you a medicine for your pain and instead you take it to get high, that's abuse. If you use Bitcoin for making transactions, that's fine but when you use it to spam the network to create shit ordinals, that's not fine and I think that we all understand it. Bitcoin was designed to solve the issue in modern payment system, it wasn't designed for transferring images. What Ordinals do is a total scam, they abuse the system by paying ridiculously high transaction fees to later scam people with JPEG files. Ordinals use the freedom of Bitcoin to harm Bitcoin.

But it's an open system and a permissionless ledger, WHO ARE WE to say what/how it's actually intended to be used? Because if for you, there's truly a "how it should be used", then it's probably better to use a centralized, permissioned system to use exclusively for payments, no?

What can we actually do if the transactions that "are not supposed to happen" are happening in a censorship-resistant ledger? Do you propose censorship?

[bitmover]

But it's an open system and a permissionless ledger, WHO ARE WE to say what/how it's actually intended to be used? Because if for you, there's truly a "how it should be used", then it's probably better to use a centralized, permissioned system to use exclusively for payments, no?

There are millions of people using bitcoin daily for financial transactions for 16 years.

And you are saying a group of a few hundreds can just say "who are you to tell me how to use it"? And those same few hundreds just prevent the million to use it like they always did. And you are calling those millions "censorship??

This is exactly the opposite of what you are saying.

A few hundreds are censoring millions saying they cant use for transactions  , just to store monkey jpegs

[Synchronice]

But it's an open system and a permissionless ledger, WHO ARE WE to say what/how it's actually intended to be used? Because if for you, there's truly a "how it should be used", then it's probably better to use a centralized, permissioned system to use exclusively for payments, no?

What can we actually do if the transactions that "are not supposed to happen" are happening in a censorship-resistant ledger? Do you propose censorship?

Bitcoin Whitepaper says this: A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Bitcoin isn't as permissionless as you say because Bitcoin has some anti-spam filters, you can't get transaction below 1 sat/vByte confirmed while in the past you could.

Ordinals spam the network, drive up the fees high and make it impossible for the rest of the people to use Bitcoin for what it was meant to be used, for payments. Non-financial use cases distracts Bitcoin from its monetary goals. Freedom doesn't mean the ability of doing anything.

Do you want freedom in the world? Imagine that there is a total freedom. What do you think, shouldn't we be punished if someone kills someone? A freedom doesn't mean you have every right to do in this world. There are still limits in freedom and will always be and should be!