Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Runes push fees as high as 900/vbyte or $196 US
by
kro55
on 23/04/2024, 11:56:28 UTC
There are periods of time when it becomes very expensive to send small amounts of Bitcoin. It does impose a kind of 'mandatory HODL time period' for small-scale Bitcoiners. I wonder about the implications on the Bitcoin ecosystem and price.
 
The devs have not implemented anything to counter the blockchain spam.

It is a huge problem. So what is the solution here? Further Lightning development?



This is what I doubt, is there any group interest behind increasing transaction fees and they don't want transaction fees to decrease? I will not rule out the possibility that miners are behind brc, rune games because they are clearly the ones who benefit the most and the group of miners is also considered a large group of whales in the market.

Before that we had BRC-20 and so far there haven't been any proposals to improve bitcoin's congestion. It's true that everything will pass and transaction fees will return to normal, but there is also no guarantee that spam similar to rune, brc will never be created again.