Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Runes push fees as high as 900/vbyte or $196 US
by
coolcoinz
on 23/04/2024, 19:03:48 UTC
It looks like Runes and inscriptions are being supported by miners in order to push the fees up.  It is no accident Runes were launched on the day of the halving.

It had to be an 200 IQ plan because they launched something useless, hoping that people will get interested and throw money at them, driving the fees up and making them earn more from every block, despite halving. I don't blame the ones that launched it, but the flock of sheep who outbid one another to be in the first block after the halving and continuing to pay insane amounts of money per transaction.]

Someone opened a shop selling dog poo and you bought it. Who's to blame, you or him?

Fees are back to being manageable if you're willing to wait a few hours then you can pay less than 150 sats.