Quote from: franky1 on January 17, 2024, 04:38:36 AM

Quote from: cryptosize on January 16, 2024, 09:52:24 PM

And yet, some people insist there is no conspiracy against BTC to bump the fees... Roll Eyes

the spammers are creating transactions of 112 vB @ 52sat/vb to pay 5824sat (~$2.50)

yet the average real byte transaction length divided by fee of others (blocksize divided by total block fee) puts everyone else at a
333byte tx paying the bumped 52sat/vb of 17316(~$7.40) meaning everyone else is paying ~3x extra compared to the spammers

even core do not believe people should be bumping by 1sat increments so cores default GUI fee mechanism bumps in 5sat increments

the other thing is, because the spammer bump fee in 10sat increments instead of 1sat
means everyone else cant just bump by 1sat to compete(10+1), but instead also have to bump by 5sat(10+5) to outbid spammers
which causes the average fee to jump quickly

with the market price of bitcoin being more then 5x of the days core decided on the 5sat increment. they should review and close the gap and bring it down to 1sat increments.. just like their predecessors did when markets stepped up in previous cycles
thus allowing users more control and less leaping to higher fee's so quickly

its like any auction
if an asset is at auction from a starting bid of $10k but each bid increments at $5k, in auction bid competition it only needs 3 bids to jump to $25k.. yet if the increments were $1k those same 3 bids competing would only get to $13k thus not forcing the price so high so quickly

well I have a trezor I do custom fees I check the mempool and pay numbers about 11 sats over the economy fees