Post
Topic
Board Bitcoin Technical Support
Merits 2 from 1 user
Re: [Feb 2023] Mempool empty! Use this opportunity to Consolidate your small inputs!
by
LoyceV
on 23/02/2023, 06:49:39 UTC
⭐ Merited by pooya87 (2)
Oh the plan is most certainly to dupe people with FOMO into thinking they need/want the next imaginary internet thing... and should pay stupid money for it. NFTs 2.0... Undecided
It will die off again once enough people lost their money, and the next hype gets created. The list gets longer and longer: altcoins > tokens > ICOs > Forks > DeFi > NFT > Ordinals. The concept is always the same: someone feels like he was too late to get into Bitcoin early, so he creates his own crap, hypes it, greedy people jump on it, the creator sells it and some sucker is left with a worthless and meaningless "digital item". Especially with ICOs it was very obvious many of them are created by the same people, and they must have earned billions from it. All I can say is: don't join!
Higher Bitcoin fees will only make this more expensive for them.

The whole concept of Ordinals it stupid, they're trying to make one satoshi worth more than another.

There's a mountain of low fee transactions waiting this week, so if you want a low-fee transaction this weekend, I'd go for 1.1 sat/vbyte instead of the bare minimum Smiley
What would be the reason for this? Maybe too many people doing like me?
The reason for which part? The "mountain"? Probably just spam with very large transactions. The 1.1? Miners take that before they take 1.