Inscription madness.

Several blocks full of consolidation transactions, arpund 150 transactions fill a block:

https://image.nostr.build/7259b497e9b1a012cfc8b801648073f2e1349567f40ccd1b08915b5f7c95e89f.png

They all consolidate 250 UTXOs of 294 sats each, but even with 1.78 sat/vB, they burn 40% on the transaction fee. Spend 30k to salvage 43k sats. Times many, many transactions.

https://image.nostr.build/d2d341ec816096f1e4dffe01c2bd437800674ef4f4385cc2ee8c51228d5d6a48.png

I counted at least 500 of these transactions, but maybe many, many more, as I didn't dig into the rest of the mempool.

Oh well, miners be happy. 

 At least they clean up their utxo mess 

 😂 

 Way to go
https://image.nostr.build/34895f4d6aac2df32b4926f2cc17af008c4a20ae3764708135bfa4aac337c93a.jpg 

 There are 185.9M UTXOs within the Bitcoin network. Cool stat 😎 

 nostr:nprofile1qqsfw5dacngjlahye34krvgz7u0yghhjgk7gxzl5ptm9v6n2y3sn03spp4mhxue69uhkummn9ekx7mqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gd8sdxs has many cool stats 

 Followed 👍 

 You can even check them by type so for example there are 53 million that are taproot ones 
https://m.primal.net/LIvR.png 

 Cool. This is basic stuff I know but are there only two types, Native Segwit and Taproot? I have holes in my Bitcoin education 😁 

 iirc this page is fairly good at explaining things: https://bitbox.swiss/blog/what-are-bitcoin-address-types/ 

 If there are 100M added UTXOs, and consolidating 250 costs about 30k sats in fees, that will cost 120 BTC to consolidate them. 

 Hence: "Retardinals"

BUT NFTS ARE A SCALING TECHNOLOGY 🤡 🤡 🤡  

 Cutting their losses I suppose.😏