Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Taproot will follow segwit pump
by
leea-1334
on 12/11/2021, 06:44:43 UTC
⭐ Merited by Charles-Tim (1)
During the scaling debate, months before the UASF cleared the path to a true understanding of Bitcoin, community, and consensus, as a newbie, what was your viewpoint on “big blocks or small blocks”? I was also a newbie with a different perspective. Cool
100 sat/byte, that is still too high except when the mempool is congested, it can even go higher. I will use vbyte because weight are used for transactions except when using legacy addresses to make transaction. Nested segwit, native segwit and the upcoming taproot are using weight for transactions. Right now, the mempool is not that congested, even 11 sat/vbyte will get your transaction confirmed early. This has been how bitcoin transactions has been but it depends on how congested mempool is. You can first use mempool observers to check the vbyte to get transaction confirmed early.

https://jochen-hoenicke.de/queue/#BTC,2h,weight
https://mempool.space/

You quoted someone else's comment but I understood you responded to me.

I know how to use the calculations, to look at mempool and all that. But if you read my comment, it was talking about the big block small block argument period before the whole Bitcoin forks episode. So we did not even have at the time vbyte numbers to my knowledge. If you needed a transaction urgently, 100 satoshi even sometimes was not enough and I was talking about it being cheap at the time because of BTC price.