Re: [Mar 2024] Fees are lower, wait for opportunity to Consolidate your small inputs
and in this you include people that don't mint ordinals, binance that pays 150sat/vb or Bitfinex that has no second thoughts on 469 sat/vb
So in the end, it takes little effort to clog the network, cause...you know...1MB is enough for everyone
Binance owns pools, so they don't care about fees, high fee situation is very beneficial for them but I didn't know if Bitfinex was paying that much, as far as I can tell, they don't own any pool. It doesn't make any sense to me, why should anyone pay more than recommended. Slightly above recommended is okay but many people pay 30x and 40x over the recommended amount.So in the end, it takes little effort to clog the network, cause...you know...1MB is enough for everyone
By the way, I just checked Binance's Bitcoin withdrawal fees and I am kinda confused. Withdrawal fee for Bitcoin (legacy) is 0.00025 BTC while the withdrawal fee for SegWit that's supposed to be nearly 40% lower, is 0.00062 BTC. Did I misunderstood something here or doesn't this make any sense?