Post
Topic
Board Bitcoin Technical Support
Re: [May 2023] Fees not low! Wait for opportunity to Consolidate your small inputs
by
Pmalek
on 08/05/2023, 15:55:49 UTC
...besides us, and people asking occasionally why are fees so high, I haven't seen any strong reaction or uproar from most of the factions of Bitcoin (developers, miners, and in particular users I'm expecting them to not have it, but perhaps they're not making enough noise and/or not doing so in the right places).
I wouldn't expect much noise from the miners. They are having the time of their life right now. At least those who weren't around during Bitcoin's last great bull run in 2017/2018.
To be completely fair, is the network not working as advertised? Yes, it is.
Do we like the current state of it? No, we don't.
Would it be pro-censorship to censor and restrict what we don't like? Yes, it would.

This is actually a good real-life example that Bitcoin's 1st layer in its current form isn't nearly ready to be a day-to-day payment method. Just imagine if there were no Ordinals and you substitute those transactions for normal BTC transactions of millions of new people who have started using BTC for everyday payments. That's how it would look on the mainnet. Half a million of unconfirmed transactions.