Re: Ordinal blockchain irking me, causing almost $40 median fee now...
I don't want to spend $40 to consolidate here. I guess I'll just have to wait. And wait & wait & wait???
Some would easily tell you that you should consider other options when it comes to payment, whether it's using altcoins or even paying through a bank. Given that we have more and more ordinal nonsense on the blockchain, it seems that we are heading towards a situation where on-chain transactions will become so expensive that most people will not want to pay for them. But don't worry, guys who invest through BlackRock & Fidelity won't have those problems.
As of this moment, the "Low Priority" transaction is at 475 sat/vB which is around $27.
TBH, this is the highest transaction that I've seen ever since. The largest that I saw was way back in 2017 when it was around $23.
TBH, this is the highest transaction that I've seen ever since. The largest that I saw was way back in 2017 when it was around $23.
It was much more than that, even more than $50 in 2017 and more than $60 in April 2021. Of course there were other reasons then, but who cares about reasons when they see such fees - Bitcoin is dead, again
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#alltime