Quote from: Findingnemo on May 05, 2023, 01:03:42 PM

Sorry for another topic about the recent issue going related to bitcoin network congestion but I really want to know that Bitcoin ordinals so called NFTs is really going to change the fee required for the transaction in the future?

Because I didn't witness such kind of clog since 2017 but by that time there is no segwit, exchanges are clogging the network purposely and so on but later for so many years the fee issue isn't really there but all of a sudden we have to pay over 100 sats for over transaction to get into the block may create a bad image and it will create the FUD and may initiate the price drop.

I am not sure about this kind of update but for the BIP (Bitcoin Improvement Proposal) it is not an easy thing as most of the Bitcoiners believe the ordinals are not needed on the Blockchain why add scarp to the Blockchain? So in my view if there is any type of proposal that might get rejected. But there is another way of doing it but that's not the topic today.

So what is my take on increased fees on the blockchain will be no major impact because we all know with ETH there was a big problem with gas fees the case in Bitcoin is not that scary. It cant push the prices down but there can be temporary FUd for the prices drop. Bitcoin will stay as long as the community is standing behind and community know what they need to do and what suits them better.