Well, then that/these person(s) have deep pockets I guess. I wonder who could think that this is a good investment at all.
Besides, wasn't there a pretty cheap way to spam with some metainformations? Though when this attack really is so expensive... dunno. Doesn't sound smart in any way.
Well there was some big institution behind it that is clear, maybe some jealous bank sponsored it? Who knows.
It looks like it's over, the TX/S shrunk to half since when I checked last time a few hours ago, and the unconfirmed ones as well.
And now the mempool is starting to shrink again back to normal levels.
People need to get used to these stuffs, it will happen many more times, and we cant let this shit destroy our community.
Good to hear that it ends. Everytime it happens it brings up a lot of complaints. The forum get filled with it then. And surely that is nothing that will help bitcoin.
I'm really not sure about banks doing that. It would be a huge expense they would have to justify to their shareholders. Which will be too hard I think.
Besides that, they would fight the lightning network, which in my opinion, has the higher chance to transform bitcoin into a bank system similar to what satoshi wanted to get free from. I mean if it really ends so that the fees are very high then the solution will be that bitcoiners don't ever touch bitcoins anymore. Everything is dealt with in the lightning network then. Exchanges will accept fiat directly and bitcoiners never will see actual bitcoins. Safes alot of fees.
And those that can pay the bitcoin fees... well, who will it be? Big companies and banks. So that future holds a lot of risks to bitcoin. Ok, it might not get this worse but at the moment I don't see that there is something in the way of that development.