This is the stress test. They are just having anyone that wants to claim the bitcoin do the test for them. Plus now there are multiple users trying to get the same transactions. Smart in a way. So we had a backlog of 60MB(10hrs) of transactions last night. Now we are at 160MB(26.6hrs). It looks like the back log increases an hour every hour. Anyone actually wanting to send bitcoin should raise the fee to at least .0004, this will need to be higher as the test goes on.
For anyone interested, each private key is filled with .00001 transactions. You can only transfer about 675 inputs out at at time, which is about $1 in BTC after fees. You spend your time selecting inputs and waiting for the wallet to manage the enormous amount of inputs. By sending BTC you are feeding the test and delaying transactions.
I don't support crashing the bitcoin network in any way and its unhealthy for all the coins but look at it from a business or VC angle who wants to invest millions into bitcoin, they want to know for sure if the network can handle times of high usage such as this and is it upto the job.
Would you want to invest pension funds as a hedge fund into the future of money if it can't even handle a couple of hundred btc thrown through the network as small change.
And should this not have been sorted out in testnet way back anyway?