Post
Topic
Board Bitcoin Discussion
Re: I don’t think bitcoin is now decentralized
by
tbct_mt2
on 22/12/2023, 23:41:00 UTC
About 20+ days ago ,I sent a transaction with 5000sats fee.

20+ !

It hasn’t been confirmed yet!

Ok to pay more ,confirmed faster.

But isn’t it ok for pay less confirm slower?

The miners are too centralized,and a lot of dust trans was made every day.

From A to A with high fee rate! Why does this transaction exist?

I don’t think a normal man would make such a nonsense transaction.
Bitcoin miners always choose transactions from tip of mempools to confirm if it is not their own transactions. It is very basic algorithm from miners and from any business. Don't blame it on miners.

Blame it on people who are ready to pay very high transaction fees for useless things like Inscriptions and can afford to lose money for transaction fees because of Ordinals and even lose bigger if those inscriptions turn to zero in value.

Bitcoin developers from their technical side must think of solution to resolve this issue but users have their responsibility too.

Decentralized? Yes Bitcoin network is still decentralized.