Post
Topic
Board Bitcoin Discussion
Re: On Ordinals: Where do you stand?
by
franky1
on 08/05/2023, 18:22:07 UTC
Also how about sheer financial incentive? Right now there are blocks being mined with fee rewards per block that are higher than the 6.25 fixed block reward. While I doubt it's sustainable long-term

those fee's are not really from that many independent individuals . they are the same groups as the mining pool managers. basically making high fee's to pay themselves back.. thus not much loss is incurred when producing high fee transactions becasue they are the sender and receiver of fee's

Not sure I follow your point here. It seems that most of the high transaction fees are from "BRC20" inscriptions

no

the memes took up alot of data
the brc json is about 60bytes

so no its not the brxc crap

heck while writing this i checked the latest block and first tx was this

https://www.blockchain.com/explorer/transactions/btc/32cc9bc0c18baffee995342cd1ed1da0e8e94feeb572d69c10e41b12a2fb7571

paying over 1000sats/byte for a simple 1in-2 out with no added bloat data