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Nela | 7 months ago (raw) | root | parent | reply | flag 
 A question, why are the transaction fees actually so high ? Because of the amount of transactions before the halving…ore else ? Are Ordinals now Runes , one is fungible the other non fungible ? Don’t get it. What is the average Bitcoiner to do with Runes? Is is maybe interesting for art to get easier access to tokens ? ( But what for another protocol?) Is it good or what’s the critique? How much does a rune token cost ? #asknostr
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Nela | 7 months ago (raw) | root | parent | reply | flag 
 .. or are Rubes simply a recycling of the idiotic NFT idea ?
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Egge | 7 months ago (raw) | root | parent | reply | flag 
 There are multiple factors. First of all there was a lot of competition right at the halving, because people wanted to get their TX in the block. It caused a peak of transactions that resulted in a backlog.

Then there are runes (aka. shitcoins). This protocol promotes an auction like fee-competition because people do not only compete for block space but also for runes.
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Nela | 7 months ago (raw) | root | parent | reply | flag +1 
 Get it. Thanks for the answer.