Post
Topic
Board Bitcoin Discussion
Re: 120 USD to transfer 25 cents - Taproot genius transaction
by
avikz
on 23/01/2024, 17:47:21 UTC
How I just keep hoping this whole jpeg frenzy on the BTC blockchain dies as soon as possible or something happens, rendering it impossible to carry out those schemes on the chain. I just don't want us to reach a situation that Ethereum network reached where it was impossible to carry out normal micropayments on the network over a long time because of the crypto kitties and NFTs.

This is really going beyond the acceptable limit now. These ordinals are jamming the network with nonsense NFT tokens and common users like us are paying between 40 - 70 Sats/Vbyte. This is not sustainable and might kill the usage of bitcoin as a payment processor completely. This will effectively discourage people from using Bitcoin for micropayments.

I know a discussion has been initiated between Devs but not sure how far it has reached. These ordinals need to stop for greater good.