Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: I don’t think bitcoin is now decentralized
by
wallet4bitcoin
on 23/12/2023, 20:00:17 UTC
⭐ Merited by Cryptomultiplier (1)
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.

If I understand you clearly, you are alleging that people are being paid to effect dust transaction so as to congest the network thereby triggering a high cost of transaction charge by miners?

As much as this may not be far from reality, I find it difficut for such to exist as its still gonna cost much more to create multiple dust transactions as the fees willl still be incurred in the event.

Bitcoin  network is decentralised but we have mining pools that cover a significant percentage of the total transaction mining in the network and I don't think its easy to take that dive into such manipulations.