Quote from: Odohu on Today at 09:10:57 AM

Quote from: Odusko on Today at 08:59:35 AM

Quote from: Odohu on Today at 08:53:53 AM

I don't agree with you on this. Before now, this was not the case with the network fees so it is a kind of crisis in mu position. We in the Bitcoin community do pride in the fact that Bitcoin offers the most convenient and cheapest means of sending money across borders, but the recent increase in fees has changed that. Should we pretend about it?

Says who?
Have you taken the time to research back on how the Bitcoin network has evolved over time, take a step back and check what the fees were like in 2017-2018 and other subsequent years and even more recently this is not the first time man.

Odohu and others, sorry if the title of the thread has created a misunderstanding or a conflicting overview of the ops and I am sure that was not intentional and I apologize for that, but back to our discussion, and what the aim for this thread is and what it stands to help us unveil in terms of knowledge in term of constructive discussion just as what we are having and will be having subsequently as we progress in this discussion on the bitcoin fees and how best newbies could prepare their mind for future occurrences such as temporary Bitcoin network congestion and high fees and how best to handle this and what possible alternative to using is such situation.
Please 🙏 the basis for this thread is not to create an argument rather but to trigger up discussions that can help our basic knowledge.
Also, I have tried to edit the title a bit to give it a better introduction to what the ops really covers, hope this works well for you guys.

Quote from: DdmrDdmr on Today at 01:02:34 PM

Yep, this case depicts a guy who thought that Bitcoin fees were very cheap and said "Fuck it, fees are so cheap I’m going to spend 83 BTCs on fees just to prove to the world just how cheapsy they are …".

Exceptions aside, fees are indeed not above values seen in the past, but cost is probably best seen in comparison to the amount one wants to send. Clearly sending very small amounts of bitcoin, whilst within normal ranges for many to send, do encounter nowadays high fees compared to the base amount being sent. Fees on TXs that send higher amounts are relatively smaller compared to the base amount being sent, and thus are conceptually easier to digest.

For those who know why the fees are as they are nowadays, there’s also the added conceptual aggravation of fees having steepened not because of a natural set of circumstances like the 2017/2018 FOMO, but because of some abomination someone thought would be fun to base on the Bitcoin Network, flooding the mined blocks with Ordinal related TXs in ranges, as of late, between 40% and 70% of all mined TXs per day.

Great thank you for sharing the link to previous fees, the general notion for this thread is to discuss how best to handle such temporary network issues which is a global financial phenomenon and what best alternatives to use as urgent support or what development is underway to eliminate possible future occurrence, and what the reality is for anyone who must use bitcoin network, how much fees willing to pay or what time to wait to get to your fees block.