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Author Topic: Mempool Observer Topic  (Read 12061 times)
ABCbits
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June 11, 2024, 10:02:31 AM
 #1021

My personal subjective opinion is that Bitcoin shouldn't have been made to store arbitrary data in the first place, but clearly Satoshi wanted that (see: bank bailout genesis message).

Satoshi store that message on coinbase transaction though. That feature also useful for certain sidechain and merge mining activity.

Regarding arbitrary data, there should be an optional sidechain where you can host all sorts of stuff.

Several Bitcoin sidechain and L2 exist, but very few people use it.

The last thing we want (it may have happened already, I don't know) is a malicious actor/butthurt no-coiner to store pedo pr0n or even copyrighted material in the immutable BTC blockchain and make it really hard to run a BTC node without breaking the law.

At least it's not easy to extract the arbitrary data without using software or script designed to do that.

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franky1
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June 11, 2024, 11:50:58 AM
Last edit: June 11, 2024, 12:23:08 PM by franky1
 #1022

Being programmable is the beauty behind Bitcoin. Without Script, sidechains and Layer 2 solutions would not be possible, and the system wouldn't be able to scale. And not only that. Nearly every change would require a hardfork. Being programmable provides the flexibility to support the creation of solutions that have yet to be conceived.

Or, read this: https://bitcointalk.org/index.php?topic=195.msg1611#msg1611.

satoshis quote is not about other networks nor abandoning bitcoin due to fee increases. nor about saying fee's need to be higher. nor that a transaction should be 4mb large(the stuff your cultish scripts think should be allowed and prioritised)

its actually about different ways people can do things ON BITCOIN to benefit payments on bitcoin.. not arbitrary crap. satoshi actually cared about transaction leanness and transaction count potentials and scaling BITCOIN
you keep talking about getting people to avoid using bitcoin by using other networks which YOU stupidly call "scaling bitcoin"
(much like saying 'lets scale visa by getting people to use mastercard and pretend its just like visa' thus tell people it is visa)

you think increasing transaction counts on the bitcoin network can only happen as a huge leap so should never happen and be told to not even discuss incremental growth strategies..
you are trying to avoid any and all discussion of true bitcoin scaling and its obvious who you got your idea's from. and it was not satoshi

oh and your quote is actually about satoshi allowing transaction format futurisation via newest nodes understanding the new scripts to verify them, yet the core devs abuse that scripting mechanism to throw in new features before/without nodes even coming to a true consensus of readiness to actually verify the data and instead are FOOLED(not full) into pretending it verifies all data when instead is just bypasses it by assuming data is valid

anyways..
back t this topic. mempools data allocation of 300mb-500mb shows nodes can handle many more transactions than the limit you wish to hinder bitcoin to.. just to promote fee raises which are done just to promote your other network preference strategy

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 11, 2024, 01:59:51 PM
 #1023

     
  • fastestFee: 31 sat/vB
  • halfHourFee: 30 sat/vB
  • hourFee: 28 sat/vB
  • economyFee: 10 sat/vB
  • minimumFee: 5 sat/vB

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June 11, 2024, 09:59:52 PM
 #1024

     
  • fastestFee: 29 sat/vB
  • halfHourFee: 28 sat/vB
  • hourFee: 27 sat/vB
  • economyFee: 16 sat/vB
  • minimumFee: 8 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 12, 2024, 05:59:52 AM
 #1025

     
  • fastestFee: 27 sat/vB
  • halfHourFee: 26 sat/vB
  • hourFee: 25 sat/vB
  • economyFee: 10 sat/vB
  • minimumFee: 5 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 12, 2024, 01:59:51 PM
 #1026

     
  • fastestFee: 27 sat/vB
  • halfHourFee: 26 sat/vB
  • hourFee: 25 sat/vB
  • economyFee: 16 sat/vB
  • minimumFee: 8 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 12, 2024, 09:59:51 PM
 #1027

     
  • fastestFee: 25 sat/vB
  • halfHourFee: 25 sat/vB
  • hourFee: 25 sat/vB
  • economyFee: 16 sat/vB
  • minimumFee: 8 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 13, 2024, 05:59:51 AM
 #1028

     
  • fastestFee: 36 sat/vB
  • halfHourFee: 32 sat/vB
  • hourFee: 29 sat/vB
  • economyFee: 16 sat/vB
  • minimumFee: 8 sat/vB

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June 13, 2024, 01:59:51 PM
 #1029

     
  • fastestFee: 35 sat/vB
  • halfHourFee: 33 sat/vB
  • hourFee: 31 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 13, 2024, 09:59:51 PM
 #1030

     
  • fastestFee: 83 sat/vB
  • halfHourFee: 67 sat/vB
  • hourFee: 49 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB

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June 14, 2024, 05:59:52 AM
 #1031

     
  • fastestFee: 36 sat/vB
  • halfHourFee: 32 sat/vB
  • hourFee: 30 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 14, 2024, 01:59:51 PM
 #1032

     
  • fastestFee: 35 sat/vB
  • halfHourFee: 34 sat/vB
  • hourFee: 33 sat/vB
  • economyFee: 22 sat/vB
  • minimumFee: 11 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 14, 2024, 09:59:51 PM
 #1033

     
  • fastestFee: 34 sat/vB
  • halfHourFee: 34 sat/vB
  • hourFee: 33 sat/vB
  • economyFee: 22 sat/vB
  • minimumFee: 11 sat/vB

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June 14, 2024, 10:21:38 PM
 #1034

Is there any explanation about why bitcoin fees soar these past few days? I read about OKX being the culprit but i wonder if no one adds fuel to the fire since why it hasn't go back to its normal range like 15-20sats/vb.

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June 15, 2024, 05:59:51 AM
 #1035

     
  • fastestFee: 31 sat/vB
  • halfHourFee: 30 sat/vB
  • hourFee: 29 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 15, 2024, 01:59:50 PM
 #1036

     
  • fastestFee: 33 sat/vB
  • halfHourFee: 32 sat/vB
  • hourFee: 31 sat/vB
  • economyFee: 18 sat/vB
  • minimumFee: 9 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 15, 2024, 09:59:51 PM
 #1037

     
  • fastestFee: 24 sat/vB
  • halfHourFee: 24 sat/vB
  • hourFee: 24 sat/vB
  • economyFee: 14 sat/vB
  • minimumFee: 7 sat/vB

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June 16, 2024, 09:59:51 PM
 #1038

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

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June 17, 2024, 05:59:50 AM
 #1039

     
  • fastestFee: 16 sat/vB
  • halfHourFee: 15 sat/vB
  • hourFee: 14 sat/vB
  • economyFee: 8 sat/vB
  • minimumFee: 4 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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June 17, 2024, 01:59:51 PM
 #1040

     
  • fastestFee: 11 sat/vB
  • halfHourFee: 11 sat/vB
  • hourFee: 11 sat/vB
  • economyFee: 10 sat/vB
  • minimumFee: 5 sat/vB

bitcoindata.science - Donate here bc1qvq66kccea2fdqft6kss2zyn8y32z8xyy9rzhp0
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