Love the near weekly question of “@MartyBent, do you still think mempools will ever clear?” @ODELL. But now realised (well, @TheGuySwann and @GrassFedBitcoin actually helped me realise) , if there at 65mb or 35 blocks worth of transactions of 1 or 2 sats/vB, they will never clear. Feels like equilibrium as been reached.
When you need a transaction quickly, 4sats/vB gets it done and that’s cheap as!!!, willing to take some time, maybe 2sats/vB, but honestly, will there ever be so few of these ultimately very low fee transactions to allow for so many 1 and 2 sat transactions to be processed?
Unless the number of new transaction falls massively for hours on end, I doubt it. I reckon all those 1sat/vb “cheapskates” need to resend transactions with higher fees to get them processed.
Actually don’t care. Onchain transactions are cheap and they’re always plenty of transactions waiting to be processed. #bitcoin
https://m.primal.net/KiML.jpg
> I reckon all those 1sat/vb “cheapskates” need to resend transactions with higher fees to get them processed.
If I'm a miner, I'm keeping everything I can in case mempools do clear down to that level.
But ultimately, would a block of 1sat/vB really be that significant? it would be total transaction fee of around 0.00004btc.
“Cheapskate” didn’t come off well, as these could be people around the world, but the idea of viewing the mempool as full, in my eyes anyway as now been altered. It it full as the fees I’m willing to pay? If not, mempools have cleared for me and I say 3 sat/vB is pretty close to free for me. 🫡🙌
plus there is one of those shitcoin projects that will be "mining" something at least every block until the next halvening or something
Adoption will drive up these cheap free transactions. There’s more businesses on this planet than bitcoin. You get to decide which layer and how unruggable you are.
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