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

Think is not the right term, what you should be worried about is how severe this will affect the network right now and in the foreseeable future. When the very reason you're using bitcoin fails to do its thing, you begin doubting whether it's even good in the first place. A lot of people including myself have been in the same boat for a while now no thanks to this fucking network congestion we've been in for a while now. you're using bitcoin so you can transfer money fast and cheap and then you get hit with an unconfirmed transaction or a fee costing you upwards of 50 bucks, that's just insane. People are already switching over to different networks to save time and money and I think they're doing the right thing, it's not like everyone's willing to pay 100 bucks for a transfer that would take 3 days to confirm anyway.

This brings into our attention the real problem about bitcoin. It's so futuristic and advanced yet at the same time does not have the features that would allow it to thrive in a future where it is the prime currency. It has virtually no scalability and since we've decided that 1mb is the block size limit we literally shot ourselves in the foot cause we're all for security and anonymity when mixers are there to do it anyway. It's sad and stupid and I can see this industry undergoing this continuous cycle of congestion every year and every bull run, with each one being worst than the prior. We really need to do something at this point or bitcoin's going to be left in the dust by some coin that's far more superior at what bitcoin could do.