Quote from: yudi09 on Today at 03:21:47 PM

Quote from: Sanitough on October 21, 2024, 02:31:22 AM

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

Congestion or heavy transactions like BRC20 tokens make the fees expensive than ever before.
If you look at the current Bitcoin transaction fee, it's 18 sat/vB for High Priority compared to a while ago, 18 sat/vB is still high because back then the transaction fee was below 10 sat/vB.
Up until now, the fees for moving Bitcoin have been very low and this is different from the others. Using Bitcoin is not complicated. It's fast and easy.

This is why I hate all those BRC20 stuff, they are ruining bitcoin more than what it already is having trouble with. Not like we have enough transactions, we also have to deal with their load as well. I do not care what type of people likes them, we are not ready for it and it shouldn't exist at all.

I think we need to find a way to patch that up, and I am sure majority of the bitcoin world will accept this as as well. That is how we oved to segwit, we basically had a democratic voting, and it wasn't just 51% that won, it was 90% or something, and I bet we can do this again to ask if cardinals or whatever brc20 tokens should be closed up and we have no more brc20 available.

We really need to make bitcoin transactions cheaper and faster to make it adopted more around the world. Right now, it takes so much to pay for anything with bitcoin, so we use other stuff to make it cheaper and this causes us a lot of trouble and we need to avoid this.