Quote from: jossiel on Today at 09:02:34 PM

Quote from: ArthurY on Today at 08:38:55 PM

What further steps will look like if this spam continues?

Bitcoin's price will continue too. Grin

Quote from: ArthurY on Today at 08:38:55 PM

I don't remember this happening before in history

Remember the time when ICOs have been that much and it has affected the ETH network. The fees for a coffee was about $10 and I think we're going back to that time.

Because IIRC, the fee for Bitcoin transactions during that time was also high back in 2017 bull run.

2017 was from natural demand causing a busy network, or miner manipulation to capitalize on fees. It could be the latter now but I am quite sure the the current situation is a sponsored attack, more than it is just a busy network.

Since 2017, most networks have implemented improvements to make them increasingly scalable. It is unlikely that purely legitimate blockchain network traffic will cause a prolonged spike in fees, especially with available layer0/1/2(and now 3's) that are available.

Quote from: jossiel on Today at 09:02:34 PM

Quote from: ArthurY on Today at 08:38:55 PM

What further steps will look like if this spam continues?

Bitcoin's price will continue too. Grin

If we're talking specifically about a network stress attack, then actually, it can stall price movement and additionally effect sentiment, as it temporarily highlights a flaw in usability and scalability for Bitcoin. It may be good for altchains that are more scalable, like ETH. It depends on the trajectory of the attack.