Quote from: philipma1957 on Today at 08:31:10 PM

Quote from: alh on Today at 06:18:02 PM

Are Donald Trump's new NFT's on the normal BTC block chain? Do these kind of "releases" push up the costs for the usual BTC exchanges, or is there just not enough in size to tell?

If this too off-topic Phil, just feel free to delete it.

It does affect difficulty if there are enough buyers and they are clogging the chain. Last December was a spectacular high fee month and certainly got people to add gear or overclock gear.

The question remains to be answered can any heavy NFT action start up soon clogging the chain like mad?

The way I see it is that the NFT hype is done with, to inscribe an image on the blockchain and hope that people would pay a lot of money for it is probably not going to work again, there should be new things, and most will be a replica of what ETH, I watched a short video of Trump saying good stuff about crypto if he wins, anyone knows what those are (assuming we'd believe he would stick to his words anyway).

I think what could drive BTC transaction fees to something extraordinary for a sustainable period of time would be if large institution settle their final payments on the blockchain, to pay $50 worth for a 5 billion transaction would still be cheap to them and a lot more secure than their average protocol.