Mempool Observer Topic

[cryptosize]

I don't know what is going on but look at these transactions. https://mempool.space/tx/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38
https://mempool.space/tx/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0
https://mempool.space/tx/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772ef

All these are the same;



there are hundreds of similar transactions in the same block and more similar transactions are waiting in unmined blocks.
https://mempool.space/tx/93afac00ff8fc1fb63ed76da9e71857f3a096f4c0c8db2fceb63ee6352889aea
https://mempool.space/tx/a67211b37d4e44f4a4a38ec36b12b9d6b9a98df253da58c685d86af1ea881d66



Look at these unusual bumpings. All are the same amount and thousands of them are in unmined blocks. The transaction amount is only few satoshis.

And yet, some people insist there is no conspiracy against BTC to bump the fees...

[1714802714]

1714802714

[1714802714]

1714802714

[1714802714]

1714802714

[FeeBuddy]

     

• fastestFee: 165 sat/vB
• halfHourFee: 116 sat/vB
• hourFee: 85 sat/vB
• economyFee: 50 sat/vB
• minimumFee: 25 sat/vB

[franky1]

And yet, some people insist there is no conspiracy against BTC to bump the fees...

the spammers are creating transactions of 112 vB @ 52sat/vb to pay 5824sat (~$2.50)

yet the average real byte transaction length divided by fee of others (blocksize divided by total block fee) puts everyone else at a
333byte tx paying the bumped 52sat/vb of 17316(~$7.40) meaning everyone else is paying ~3x extra compared to the spammers

even core do not believe people should be bumping by 1sat increments so cores default GUI fee mechanism bumps in 5sat increments

the other thing is, because the spammer bump fee in 10sat increments instead of 1sat
means everyone else cant just bump by 1sat to compete(10+1), but instead also have to bump by 5sat(10+5) to outbid spammers
which causes the average fee to jump quickly

with the market price of bitcoin being more then 5x of the days core decided on the 5sat increment. they should review and close the gap and bring it down to 1sat increments.. just like their predecessors did when markets stepped up in previous cycles
thus allowing users more control and less leaping to higher fee's so quickly



its like any auction
if an asset is at auction from a starting bid of $10k but each bid increments at $5k, in auction bid competition it only needs 3 bids to jump to $25k.. yet if the increments were $1k those same 3 bids competing would only get to $13k thus not forcing the price so high so quickly

[FeeBuddy]

     

• fastestFee: 99 sat/vB
• halfHourFee: 76 sat/vB
• hourFee: 59 sat/vB
• economyFee: 44 sat/vB
• minimumFee: 22 sat/vB

[nutildah]

I don't know what is going on but look at these transactions. https://mempool.space/tx/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38
https://mempool.space/tx/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0
https://mempool.space/tx/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772ef
...

And yet, some people insist there is no conspiracy against BTC to bump the fees...

Its not a conspiracy, its people minting BRC-20 shittokens.

https://ordinals.com/inscription/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38i0
https://ordinals.com/inscription/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0i0
https://ordinals.com/inscription/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772efi0

At worst, its a waste of BTC. But you know who doesn't see it that way? The mining pools. Good luck telling them to stop including these transactions.

[FeeBuddy]

     

• fastestFee: 58 sat/vB
• halfHourFee: 51 sat/vB
• hourFee: 47 sat/vB
• economyFee: 47 sat/vB
• minimumFee: 24 sat/vB

[Learn Bitcoin]

Its not a conspiracy, its people minting BRC-20 shittokens.

https://ordinals.com/inscription/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38i0
https://ordinals.com/inscription/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0i0
https://ordinals.com/inscription/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772efi0

At worst, its a waste of BTC. But you know who doesn't see it that way? The mining pools. Good luck telling them to stop including these transactions.

Interesting.
At first, I was wondering what is the relation between the TX I have shared and the links you have shared. It seems the transaction hash matches this website data. But, I am curious how did you manage to find this? I don't know much about these ordinal things and how they work. Is it the same as ETH NFT? I thought only coins like ORDI, 1000SATS, and some other BRC-20 token transactions increased the mempool congestion and I thought the mentioned transactions were just dust and they doing it to manipulate the mempool to increase the transaction fees. I guess the community would appreciate a detailed topic about it. Many of us don't understand much about this.

[bitmover]

Interesting.
At first, I was wondering what is the relation between the TX I have shared and the links you have shared. It seems the transaction hash matches this website data. But, I am curious how did you manage to find this? I don't know much about these ordinal things and how they work. Is it the same as ETH NFT? I thought only coins like ORDI, 1000SATS, and some other BRC-20 token transactions increased the mempool congestion and I thought the mentioned transactions were just dust and they doing it to manipulate the mempool to increase the transaction fees. I guess the community would appreciate a detailed topic about it. Many of us don't understand much about this.

I don't know much either. But inscriptions/ordinals try to make each satoshi unique.

I found this website recently, which I shared in bitcointalk and I found it intersting

I just discovered this nice web site which lets you know if you hold any rare satoshi

https://magiceden.io/ordinals/discover-raresats

I discovered I have some sats from the 10000 btc pizza. Sadly, it doesn't look to be worth anything

[cryptosize]

I don't know what is going on but look at these transactions. https://mempool.space/tx/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38
https://mempool.space/tx/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0
https://mempool.space/tx/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772ef
...

And yet, some people insist there is no conspiracy against BTC to bump the fees...

Its not a conspiracy, its people minting BRC-20 shittokens.

https://ordinals.com/inscription/d8ec0d3b0f7f964396fc74c550d6cc7e17a4514ceeeaf5ef04dece8531ab5d38i0
https://ordinals.com/inscription/1eae9ec15f97d4420e42f34a7eed63c266e68b70f92cf181f0b85a76b26cfce0i0
https://ordinals.com/inscription/cc3ebf7fef08b6ec8636b8c16e15e970a8c19f5f2cc23c06a4239de050a772efi0

At worst, its a waste of BTC. But you know who doesn't see it that way? The mining pools. Good luck telling them to stop including these transactions.

According to gmaxwell, a notorious BSV pedophile is behind BRC-20 spamming:

Up thread it's noted that the source of the funds has heavy BRC-20 activity and I've been told that Ayre has been significantly funding BRC-20 activity.

How come they don't use BSV, since it can support more transactions?

[nutildah]

How come they don't use BSV, since it can support more transactions?

That's a fair question. Its because nobody cares about BSV. There is far more prestige in minting your shit token on the Bitcoin blockchain.

As he did with gmaxwell, Calvin Ayre personally tried to ruin my life, so I'm no fan of him, or BSV (never have been), but I have yet to see any evidence of him being involved in BRC-20.

There's some truth to the idea that BSV devs are behind the development of Ordinals infrastructure, but that is because they realized BSV is a sinking ship and went to go work on Bitcoin stuff instead. They are motivated purely by financial reasons.

Calvin doesn't have infinitely deep pockets. Rumor has it the money men that funded the whole Faketoshi charade are extremely pissed that Craig hasn't been able to produce any results. The whole scam is falling apart at an increasingly faster rate.

BSV is now worth 9% what it was compared to BTC 5 years ago. Meaning, if you would have traded BTC for BSV 5 years ago, you'd be down 91%. The game is all but over, which is why BSV devs are jumping ship.

[franky1]

according to BSV scammers themselves CSW is running out of scam buddies to even fund CSW own scam lawsuits. so unlikely they are going to spend millions on spamming/scamming BTC network

whats actually happening is that a EX chaincodelabs(blockstream) guy(ratimov) on the btc network made the mis-counting sat scam of ordinals. then evelated tonext level scammed of none transferable meem junk. then compressed it down to untransferable json junk
he prefers the lightning network and wants to annoy the bitcoin network to promote the lightning network

he sold a few sats with appended untransferable junk memes, to scam victims for whole btc+ amounts. and then used that scammed income to pay for more fees to then create more junk. selling junk for multiples of sat value to continue the endeavour

however its more of a project of the lightning network admiration brigade wanting to promote how LN is better then bitcoin in always

[FeeBuddy]

     

• fastestFee: 70 sat/vB
• halfHourFee: 62 sat/vB
• hourFee: 56 sat/vB
• economyFee: 46 sat/vB
• minimumFee: 23 sat/vB

[FeeBuddy]

     

• fastestFee: 112 sat/vB
• halfHourFee: 86 sat/vB
• hourFee: 68 sat/vB
• economyFee: 44 sat/vB
• minimumFee: 22 sat/vB

[franky1]

Seems like a good idea.

Now, will the bot post this in all its updates? Maybe once a day is enough, since the graph shows data from the last 3 days.

I just don't see big movements on the chart, due to its scale.
Unless you can tell the time on the graph. But it seems small to me for so much information.

something like

[philipma1957]

Seems like a good idea.

Now, will the bot post this in all its updates? Maybe once a day is enough, since the graph shows data from the last 3 days.

I just don't see big movements on the chart, due to its scale.
Unless you can tell the time on the graph. But it seems small to me for so much information.

something like

they will run out of funds if you are correct.

I hope you are.

[franky1]

they will run out of funds if you are correct.

I hope you are.

they spend $2.50 per mint of 1000json scam numbers per 'ticker'. if they sucker idiots to buy 1 json scam unit for $5 on binance. they can scam $5000 per json scam 'ticker'. $2.50 cost $5k scammed meaning x2000 there scam attempts

in short we need to dry up their victim list. get people to stop buying the json scam units. then they have no income to spend to scam the next json 'ticker" junk name

.. just looked, their newest scam junk json thing seems to be like trading cards. tickers with character attributes [spieces, size,weight,wealth,wisdom]
https://ordiscan.com/inscription/56115969
i thing the 'ordi ticker' scam dried up so now offering new digital trading card scam

..
i was hoping they would have stopped last year because there are only so many 'rare sats'

[philipma1957]

And yet, some people insist there is no conspiracy against BTC to bump the fees...

the spammers are creating transactions of 112 vB @ 52sat/vb to pay 5824sat (~$2.50)

yet the average real byte transaction length divided by fee of others (blocksize divided by total block fee) puts everyone else at a
333byte tx paying the bumped 52sat/vb of 17316(~$7.40) meaning everyone else is paying ~3x extra compared to the spammers

even core do not believe people should be bumping by 1sat increments so cores default GUI fee mechanism bumps in 5sat increments

the other thing is, because the spammer bump fee in 10sat increments instead of 1sat
means everyone else cant just bump by 1sat to compete(10+1), but instead also have to bump by 5sat(10+5) to outbid spammers
which causes the average fee to jump quickly

with the market price of bitcoin being more then 5x of the days core decided on the 5sat increment. they should review and close the gap and bring it down to 1sat increments.. just like their predecessors did when markets stepped up in previous cycles
thus allowing users more control and less leaping to higher fee's so quickly



its like any auction
if an asset is at auction from a starting bid of $10k but each bid increments at $5k, in auction bid competition it only needs 3 bids to jump to $25k.. yet if the increments were $1k those same 3 bids competing would only get to $13k thus not forcing the price so high so quickly

well I have a trezor I do custom fees I check the mempool and pay  numbers about 11 sats over the economy fees

[FeeBuddy]

     

• fastestFee: 100 sat/vB
• halfHourFee: 92 sat/vB
• hourFee: 82 sat/vB
• economyFee: 50 sat/vB
• minimumFee: 25 sat/vB

[FeeBuddy]

     

• fastestFee: 60 sat/vB
• halfHourFee: 58 sat/vB
• hourFee: 55 sat/vB
• economyFee: 48 sat/vB
• minimumFee: 24 sat/vB

[FeeBuddy]

     

• fastestFee: 51 sat/vB
• halfHourFee: 50 sat/vB
• hourFee: 48 sat/vB
• economyFee: 48 sat/vB
• minimumFee: 24 sat/vB