Post
Topic
Board Development & Technical Discussion
Re: Has Anyone Else Noticed...
by
Synchronice
on 13/02/2024, 11:04:14 UTC
Perhaps its the filters being properly applied on the node runners using their filters (permitbaremultisig equals 0 datacarriersize equals 0) or perhaps the ordinals / inscriptions teams have lost their appetite or been persuaded for other reasons to scale back.

You cannot censor someone else's Bitcoin transactions from getting confirmed by miners no matter what filters you set on your own node.

The fee decrease is just the laws of supply and demand playing out in the long term. There's an infinite amount of block space being created, but the people who want to buy that block space have a limited amount of Bitcoins to buy it with.
Fee increase and decrease is not purely only supply and demand game. Ordinals creators were artificially increasing the fee for some reason, they were paying more than it was necessary to get transaction confirmed in the next block, they were paying hundreds of times more than it was necessary and some regular Bitcoin users were just forced to pay high fees because of them.

You can see these ups and downs in the 1-year chart:
https://jochen-hoenicke.de/queue/#BTC,1y,weight
You can see how it is hyped up, then dies again. Then hyped up again and dies again.
I don't see this last death to be the end either.
I understand why it's hyped but I don't understand why hype dies and then rises. What event or which person makes it hyped up?