That's a good idea. I did not give it a thought, but in my opinion, you should. It is not that the fees are going to touch the sky soon; they are just temporary spikes due to the ordinals and other manipulation by the bad actors of the market, which will be solved soon, but it is best for you and all of us to follow this idea.

Because to setup the lighting network, we do have to pay the current fee, so if we want to avoid that, we should setup one when the fee comes down. Actually, in my opinion, I don't think fees are going to come back at the normal rate anytime because the ordinal problems are increasing day by day. Today I just checked the volume of Ordinals transactions, and it was ATH since its inception.

I was stunned for a moment, but if it keeps increasing, then it will be best for all of us to move to LN nodes before the halving because, after the halving, the price might become double what it is now.

It is not going to be ‘solved’.  How hard is this for people to understand.

If people want to use an oil tanker to ship a 1 quart can of oil this will continue to happen over and over and over and over  again.

People need to using the right shipper to transport .

Every suggestion I have read does not stop this issue.  Here are some ideas


truly banning any sends under 0.0001 btc
making smallest fee 0.00001 btc
make blocks 8mb
no pool can greenlight smaller fees

    Transaction fees are not set by any one person or entity—they exist in a free market. The more people who use the Bitcoin network, and the more complex their transactions, the longer it takes for the average transaction to be processed, because there are only so many miners, and their processing power (and time) are limited. So as the number of Bitcoin users increases compared to the number of miners, the more you’ll typically need to pay to get your transaction processed in a timely manner. Of course since fees are paid in Bitcoin, the higher the Bitcoin price, the more your fee will be valued in USD, even if the same fee a few years back would have only “cost” a fraction of the current amount.
   Transaction fees are high or low depending on how long it takes transactions to be included in a block at any given time. If there’s a higher backlog of transactions waiting to be included in a block, then transactions will take longer to be included in a block. Transaction creators can include a transaction fee, or set their transaction fee higher, to increase the incentive for a miner to include their transaction in the block candidate.

Even if the commission becomes high in the future, you will more than compensate for these costs with the profit you receive. The growth in the value of bitcoin will still be much higher.

If a MultiSig cold wallet provides a greater level of security than simply storing bitcoin on electrum, then I believe future high transaction fees can be neglected. Security and reliability of storage are now incredibly more important.

There is a balance between greed and safety.

It is an  easy  fix stack your btc and leave it alone in a cold wallet. think store of wealth.

Keep small amount of btc usdt ltc doge in an exchange like coinbase. think small buys sells etc low value etc.

If most people did this the high fees would be a non issue for most people.

If you insist on being a btc on chain only and nothing else you are feeding into the problem.

Here is an example I am trying to win an auction. If I win the price may be 0.0003 btc or about 12 dollars.   if fees are at 100 sats that will be 0.000226 or close to 9 dollars.

the seller is willing to take doge or ltc

fees will be well under 1 dollar.

I don't think you could. That's a pretty tough deal to ask, and even harder to predict than the price of bitcoin cause at the very least we have concrete definitive factors that could play a part in what the price of bitcoin would be in the future. Fees on the other hand are a little more tricky since it all depends on the current congestion rate in the network, which is already something that's hard to predict to begin with unless you get something like the ordinals coming in.

I say you shouldn't worry about trivial matters like that. Reinvest your time and effort into much more important stuff like actually preparing for the foreseeable future bitcoin-wise. Good enough that you're saving your money on a multi-sig wallet, but I would suggest using multiple wallets for different types of expense and transactions.

Bitcoin fees are really going crazy right now, reportedly because the ordinal protocol is again disrupting the Bitcoin network, why hasn't the best solution been found to make Bitcoin fees more stable because to be honest, this condition is really disturbing!  ordinal protocol is like a parasite that eats away at the bitcoin network, they ride on the bitcoin network because their NFTs don't sell on the altcoin network, it's really sad, I didn't expect that yesterday when I wanted to send bitcoin from my safepal wallet, the fee requested reached more than $20, I didn't expect that, did others also experience the same thing?

In what is happening right now, the holdings of some of the bitcoin holders are actually being squeezed again. Have you had this problem recently? Think about how long we've been doing transactions in Bitcoin with low transaction fees, and now that we're attacking the high fees again, we're getting a little burdened.

How long can we face this fee problem? Do you have any ideas? Edi, if we have an emergency, for sure we have no choice but to pay the expensive fee for this matter. The headache of these fees being charged to us is too much.

Bcash and bcash sv have under 2% of the sha-256 network. ie almost no security .

scrypt mining ltc/doge merged have well over 95% of the network very secure.

so the glaring defect of btc is it can not move 12x the tx that it is moving now.

if it could you would not need scrypt and ltc/doge merge mining.

we can argue semantics forever.

so rather that do that.

I mean 95% or more of the hashrate ie BTC and Ltc/doge both have that thus they are secure.

but btc has 1 block every 10 minutes

and ltc/doge have 12 blocks every 10 minutes.

the most secure coin in terms of gear  hash rate percent power use is Btc
the second most secure is ltc/doge.

I see what you mean by it is not the algo.

So I am clarifying myself

ltc/doge 95% of the algo’s hashrate a lot of expensive gear and high power use= safe
btc        95% of the algo’s hashrate  a lot of expensive gear and high power use = safe

ltc/doge 12 blocks per ten minutes
btc 1 block per ten minutes


doge/ltc could use another super low hash algo but it would mean junking a ton of gear. the gear is in place the infrastructure is there.