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42 sats \ 1 reply \ @gregtonoski 19h \ parent \ on: Meme Monday - Best Bitcoin Meme Gets 5,000 CCs memes
"Sold a suit to buy the dip".
Indeed, peak clown marketing. Let's call that bullshit out. The y axis is duration so degradation instead of improvement of performance.
The fear is normal. Get used to it. Tools are little intuitive and mistakes are commonplace. Don't rush, test, backup and share your experience to build knowledge and better tools.
That's the reason Satoshi decided to stay anonymous - he feared parting his BTCs in divorce legal proceedings, did he?
Bitcoiners, your transactions with lower fee-rates are already relayed by mempool.guide.
Fee-rates as low as 0.001 sat/vbyte!
- Correct.
- Disagree.
- Disagree. Would you apply the same logic/concern to other p2p networks, e.g. Torrent, perhaps?
- Not accepted.
I haven't claimed that miners were considering transactions paying less than minTxRelayFeerate (although they might have).
I think that the example proved that a "transaction paying less than minRelayTxFeerate" may be confirmed. I don't see what else may need to be proved.
Let's not exaggerate. This setting reconfiguration doesn't cause endless amounts of data to be forwarded.
What makes you considering a transaction with fee at 1 sat/vbyte as okay while the same transaction with smaller fee, e.g. at 0.1 sat/vbyte as not okay ("useless data")?
That's ok. In the end there is one transaction in mempools. A transaction is replaced with another one of the same size. What do you think justifies charging additional fee in such a case?
List of them: https://blockchair.com/bitcoin/transactions?s=time(desc)&q=fee(0..98),is_coinbase(false)#f=hash,block_id,input_count,output_count,time,output_total,output_total_usd,fee_usd,fee,is_coinbase
Example of such a transaction: https://blockchair.com/bitcoin/transaction/49a0efc983b19038cb5aa80008d7b9f7690dfb80de84a55f7aabce9d3137f2fa
Miners are of tertiary importance here (if any). The setting is applied by node runners and affects nodes in the first place.
As a side note, consider also setting
incrementalrelayfee=0
instead of the default 3000 in order to relay replacement transactions which fee-rates don't change.