Post
Topic
Board Bitcoin Discussion
Re: BTC unconfirmed transactions exceed 500k on mempool
by
Solosanz
on 01/01/2024, 09:25:02 UTC
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.
He might able to block BRC-20 tokens transactions, but there are many new tokens standard e.g. BRC 721, BRC 777 etc and it need to be improved from time to time. Luke Dashjr is also a miner, he can get benefit from that and if this censorship is agreed by other developers, we can expect more and more censorship because of majority votes benefit.

I think it's not that the on chain need to be fixed, but sooner or later we will migrate to L2.