Post
Topic
Board Bitcoin Discussion
Re: Breaking: FRONT attack latest threat to bitcoin technology
by
solex
on 06/10/2014, 19:53:02 UTC
There was a transaction last year with a huge fee >3x block reward:

So, despite the block reward being >$1000, and not due for halving until 3.75 years time, fees are forced to do a moonshot.

That "moonshot" is because someone created a single transaction with 94BTC in fees: 13dffdaef097881acfe9bdb5e6338192242d80161ffec264ee61cf23bc9a1164

Fees are rising, but they haven't spiked like you think they have.