Re: 19M Bitcoins are mined but did you know about the last Bitcoin mined?
⭐ Merited by 1miau (1)
1. they didnt drop the fee..
they instead made old transaction formats 4X more expensive. here its in the code. its a 4X increase of legacy
https://github.com/bitcoin/bitcoin/blob/master/src/consensus/consensus.h#L21
https://github.com/bitcoin/bitcoin/blob/623745ca74cf3f54b474dac106f5802b7929503f/src/consensus/validation.h#L143
see it says *4
also fee's in 2009-17 were sub 1cent-10cents.. fee's are now $1-$3
note the flatline upto 2017.. and then the large ups and downs after segwit
they instead made old transaction formats 4X more expensive. here its in the code. its a 4X increase of legacy
https://github.com/bitcoin/bitcoin/blob/master/src/consensus/consensus.h#L21
https://github.com/bitcoin/bitcoin/blob/623745ca74cf3f54b474dac106f5802b7929503f/src/consensus/validation.h#L143
see it says *4
also fee's in 2009-17 were sub 1cent-10cents.. fee's are now $1-$3
note the flatline upto 2017.. and then the large ups and downs after segwit
Hm... Didn't see it like that. But one of the benefits of SegWit was to make it possible to fit more transactions into one block. Shouldn't that cause transaction fees to be lower? Maybe now there's simply more transactions that before and that's the reason for the transaction fee increase you are mentioning.