Mempool Observer Topic

[franky1]

Most users wont even use wallets that allows them to customize their fees.

Look at the bright side, we're still at a level where if they wanted the majority could withdraw their coins to their own wallet, they still deal even if on CEXs and custodial wallets with bitcoin, what I'm more afraid of is to slowly leaning towards gold IOU like ownership.

if its IOU there is no ownership.. just a unsettled claim of weak promised future ownership

also i think you are trying to speak in code, where users end up stuck unable to withdraw to their own key.. and instead only able to withdraw via CEX 'channel' to a flawed buggy subnetwork where customer only gets inbound balance still locked to the CEX funding lock.. with promises of mutual closing at some later date. where reality is the customer ends up just spending any IOU value back via the CEX routes to other customers inbound balances, thus never getting to touch or claim a settled bitcoin on their own keys

if however you are just trying to hint at ETF shares.. never are any ETF shares an IOU claim of bitcoin. the SEC made it clear ETF cannot do "in-kind" redemptions should a large share holder request a dissolution of shares(baskets) to redeem the value on the back end of a ETF.
etf shares are not claims of bitcoin owner ship. just claims of a company value based on PRICE exposure of the spot market

[1715245510]

1715245510

[1715245510]

1715245510

[FeeBuddy]

     

• fastestFee: 15 sat/vB
• halfHourFee: 14 sat/vB
• hourFee: 13 sat/vB
• economyFee: 6 sat/vB
• minimumFee: 3 sat/vB

[desarpenteur]

So... What kind of game is MARA Pool playing in block 831802 ? Replacing all transactions for inscriptions.

https://mempool.space/block/0000000000000000000221fd1ba086a7672e3e5a18ac5a4efc9f0cff0a78fe86

https://www.talkimg.com/images/2024/02/24/Yoo1d.jpeg

[FeeBuddy]

     

• fastestFee: 15 sat/vB
• halfHourFee: 14 sat/vB
• hourFee: 13 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[franky1]

So... What kind of game is MARA Pool playing in block 831802 ? Replacing all transactions for inscriptions.

the biggest blue rectangle
https://www.blockchain.com/explorer/transactions/btc/f007131d7db409461f0eead4939eacb2399e88a766b2d6c87c7705ad1d46a0b4

has junk appended that produces a glitchy animated "◬ trio" html visual

and unrelated, unassociated to said junk visual, the tx also has >5530 outputs of just 330 sats (literally un-respendable dust utxos)

[nutildah]

So... What kind of game is MARA Pool playing in block 831802 ? Replacing all transactions for inscriptions.

https://mempool.space/block/0000000000000000000221fd1ba086a7672e3e5a18ac5a4efc9f0cff0a78fe86

This is kind of hilarious. It could be they were paid to do some kind of marketing maneuver for whatever this is:

https://ordinals.com/inscription/f007131d7db409461f0eead4939eacb2399e88a766b2d6c87c7705ad1d46a0b4i0
https://ordinals.com/inscription/50a4589012d4ca22634d601f259c40f92cfd4e9d12846a559b968c85696c5cffi0

In any case, great to see fees so low again. Wonder if it will stick this time.

[FeeBuddy]

     

• fastestFee: 30 sat/vB
• halfHourFee: 28 sat/vB
• hourFee: 25 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 16 sat/vB
• halfHourFee: 15 sat/vB
• hourFee: 13 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 15 sat/vB
• halfHourFee: 14 sat/vB
• hourFee: 13 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 12 sat/vB
• halfHourFee: 11 sat/vB
• hourFee: 11 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[cryptosize]

How long would it take to confirm a 1 sat/vB transaction?

24+ hours? Has anyone tried it for consolidation?

[FeeBuddy]

     

• fastestFee: 15 sat/vB
• halfHourFee: 13 sat/vB
• hourFee: 11 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[bitmover]

How long would it take to confirm a 1 sat/vB transaction?

24+ hours? Has anyone tried it for consolidation?

It may probably drop , as nodes have a mempool size limit.
I wouldn't do that now.

Now  , 1 sat vB fee rate will be propagaded between nodes, but if there is a Spike in the fees those 1 sat vB may drop.

I would wait a few more days, we see some more blocks confirming transactions below 8

[FeeBuddy]

     

• fastestFee: 8 sat/vB
• halfHourFee: 8 sat/vB
• hourFee: 8 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 16 sat/vB
• halfHourFee: 15 sat/vB
• hourFee: 13 sat/vB
• economyFee: 2 sat/vB
• minimumFee: 1 sat/vB

[FeeBuddy]

     

• fastestFee: 17 sat/vB
• halfHourFee: 16 sat/vB
• hourFee: 15 sat/vB
• economyFee: 6 sat/vB
• minimumFee: 3 sat/vB

[FeeBuddy]

     

• fastestFee: 24 sat/vB
• halfHourFee: 22 sat/vB
• hourFee: 21 sat/vB
• economyFee: 4 sat/vB
• minimumFee: 2 sat/vB

[FeeBuddy]

     

• fastestFee: 42 sat/vB
• halfHourFee: 35 sat/vB
• hourFee: 30 sat/vB
• economyFee: 10 sat/vB
• minimumFee: 5 sat/vB

[FeeBuddy]

     

• fastestFee: 25 sat/vB
• halfHourFee: 22 sat/vB
• hourFee: 19 sat/vB
• economyFee: 8 sat/vB
• minimumFee: 4 sat/vB

[FeeBuddy]

     

• fastestFee: 21 sat/vB
• halfHourFee: 18 sat/vB
• hourFee: 16 sat/vB
• economyFee: 6 sat/vB
• minimumFee: 3 sat/vB