Quote from: new19980 on December 31, 2023, 07:13:20 PM

Hi everyone
right now we have 520k unconfirmed transactions on mempool with 1.9 GB capacity
do you think this may affect BTC usability especially for small transactions right now
you need to pay 15% fees for 100$ transaction if the devs didnt ban those BRC tokens
we may even see fees exceed 100$ and we may reach millions of unconfirmed
transactions in the future and only whales and miners will benifit

It is already affecting the use of Bitcoin because most people prefer to use stablecoins and altcoins for transactions to avoid this high fees. Like you said if the price continues this way Bitcoin might become a currency for only the rich. It might be used for only Investment, while altcoins will become more attractive for daily transactions.

Quote from: BIT-BENDER on December 31, 2023, 08:16:51 PM

Many people with their own opinion and thoughts about what's the reason for the high transaction fee but with the way this situation has lasted I wonder if there would be any solution in view.

This problem has lasted longer than the past congestion I have ever experienced. OG Bitcoiners like Luke Dashjr have proposed some way to permanently block BRC-20 tokens from the network but it seems there might be no solution in sight because the clamor for Bitcoin Ordinals is still growing every day. It will be difficult to end since some groups of persons are benefiting from it. The fee is becoming unbearable and it is affecting Bitcoin transactions negatively.