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34 sats \ 8 replies \ @noknees 12 May \ on: What the heck is happening with bitcoin fees right now? bitcoin
This is not the first time, the last time it happened it occurred was on the halving day. The Runes protocol has been clogging blocks since then. It can be because of that (not too probable tho). This can also be caused due to Inscriptions (Ordinals / Runes / BRC-20-like spam). These are like NFTs on Bitcoin that jam the mempool with large, complex transactions.
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0 sats \ 1 reply \ @nichro 12 May
halving day was magnitudes crazier, something like 1000-3000 sat/vb first few blocks, with some transactions paying over 50000sat/vb
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0 sats \ 0 replies \ @noknees 12 May
lol yeah 😂 typical bitcoin inflation
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0 sats \ 5 replies \ @denlillaapan 12 May
do we know that this is the case now, or are you just speculating, Holonite?
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0 sats \ 4 replies \ @noknees 12 May
just speculating, I didn't do it ofc 👀
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0 sats \ 3 replies \ @denlillaapan 12 May
hahah... sure. I BLAME YOU!!
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7 sats \ 2 replies \ @noknees 12 May
wth, I transfer your blame to OP_RETURN spam
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7 sats \ 1 reply \ @denlillaapan 12 May
really. Try to filter me, bitch
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0 sats \ 0 replies \ @noknees 12 May
I'd rather make you an NFT on the blockchain
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