Post
Topic
Board Bitcoin Technical Support
Re: This is beyond craziness
by
Bitcoin_Arena
on 16/12/2023, 23:57:26 UTC
What the hell is going on? Who can afford so high fees? Fees are so high and people still pay for it, mempool is clogged and getting even more clogged. I thought I was not a poor guy but now I feel like the poorest person in the world Cheesy

Does anyone know what's the reason behind these high fees? These are not ordinal transactions.
It's that very BRC20 hype crew causing all the mess. Since they are minting a lot of money out of fools who are on FOMO. They don't really care about transaction fees when moving BTC around. For example;

In the first transaction. Check this address:
https://ordiscan.com/address/bc1pzekc78cuqym059yjxmwqdd7l5mqvphj24w7xf4y02xczwj3lratsgeyk5z

Second transaction
https://ordiscan.com/address/bc1q9x3u9x283p2g79xcxsgqxn5cjc3xtca7nv5c8z

Third transaction
https://ordiscan.com/address/bc1qmmve2mdnrwqgnq2zwpgr3ge9syswvd803zjejv

What do you see?

If nothing is going to be done. We are in for a long, hard spell of high transaction fees on the Bitcoin network. We haven't even hit the bull run yet.