Post
Topic
Board Bitcoin Discussion
Re: Mempool Observer Topic
by
ETFbitcoin
on 27/12/2023, 08:34:08 UTC
But aside from BCH, most other fork only join hype ride where people got excited from obtaining "free" forked coin.
I wasn't into bitcoin when the Bitcoin Cash split occurred, but I had heard about Roger Ver promoting it as if he was the main entity. Was he hyping it similarly to Craig and BSV?

IIRC it's not as bad as faketoshi/BSV does. Although at that time you frequently see claim BCH is true Bitcoin, misleading newcomers to buy BCH when they actually want to buy BTC and use abbreviation "Bitcoin Core (BTC)" which is ridiculous. And FWIW BSV is BCH fork.

The current fees aren't as high as many believe them to be. If you look at Mempool, that's one picture, whereas websites tracking average transaction fees report significantly higher figures, and some people simply follow what they see as average from those websites, overpaying for transactions. Then there are fee recommendations by wallets, and Electrum tends to recommend me around $10 as a minimum (ETA), whereas people often pay the maximum.
The fee situation isn't great, but it's perceived to be worse than it really is because of such things.

Some people isn't patient either, so it's not surprising they pay high for fast confirmation. Meanwhile some wallet or service simply set high fees since they'd rather see people complain about high fees rather than their TX unconfirmed for some time.