Yay more fees just what everyone wants around the holiday season!

With the block count being ahead small transactions users going to feel the pain the most.

Miners must be loving it right now!

More, more, more! I admit it hurts a little but at the end of the day I seldom send as a DCA guy, I usually receive and yes, that means I don't really need to worry much.

Just yesterday I needed to send, but I have an "exchange" hot wallet. Paid only 15k sats so still under a dollar. Bring high fees on!

If you're concerned about Santa, I have some insider info you might be happy hearing:


I can vouch for Lucius, he knows what he's talking.


For you unfortunately I have some bad news:

And since this is getting traction and attention, a bit of TA:

One can easily see the fourth inversed bottom top forming clearly!

You don't? But if you are a DCA investor with a large number of UTXOs, how do you plan to consolidate all those small inputs? High transaction fees will hit you really hard.


Great! So now we are back to custodial wallets to store our coins? I don't see it as a viable solution.

It's a welcome idea, alot had been saif already concerning the mempool these recent days, i guess the transaction fee increase is one of the main reasons for such, but this thread could help deal with all related discussions concerning mempool or transaction fees.


This is more of getting us into suspence, but it's the actual truth, we should expect the recent adjustment to come in, why this will happen is because, if you look at the recent ones we had, it has not been stable, it's rather going up or coming very low downwards but something should be definitely anticipated upon.

Not much change in the transaction fees since you posted this topic and its good to dump these stats under one thread instead of scattered all around the forum. But this won't stop the people from complaining high transaction fees, end of the bitcoin, transaction pending,... kind of threads.

Well, I didn't think it will stop them and I don't even wish that completely to be honest!

What really irks me lately on this forum is some sheeple acceptance of everything, hundreds clapping for the rules, obey the rules, we must wait for the others to take a decision, a lot of fake unicorn farts drug induce stance where we should all act like sheep and wait peacefully while grassing out faith, not daring to come out and say: THIS IS F*** UP! Something needs to be done! Do you want for Bitcoin to have Nokia's fate?
Almost everyone is saying, you know, the best solution is to wait! Just postpone your transaction! Use litecoin! Use Binance pay. Use paypal!!
But whatever you do, don't spread this, it's FUD, it hurts our dreams of becoming millionaires without doing anything!

Still I see this topic as an advantage as we could centralize data here and have it as a refence, no need to search in 100 topics what the fees were or how much that guy paid one month ago.

As for the fees themselves, yeah I expect bit of dive, it's Friday and the western world turns its attention to Christmas, it will be probably the longest weekend (23-26) with very low incoming tx. But that won't make them extra cheap or go to 10sat/b there are currently 208vMB, that's already one and a half day of blocks waiting above that level, not considering that hitting 10sat/vb a ton of exchanges will start consolidating dust.

Yep, something needs to be done, and as I said in another thread the fix may be released with v27.0 will eliminate the spam token transactions from the network but its still not 100% true, so if we don't eliminate them in someway then we will see these token attacks all over and over with different project names and people may actually choose other coins just because it doesn't make sense to pay 10-40 dollar in fee of a transaction which is less than 200bytes.

Let me ask you something, let's suppose we kill ordinals. Good!

Going by the bitcoin press and blogs:

I'll spare you the math and say that just two should account for close to 100 million users, now assuming by user you mean a guy who makes a tx at least a month, right, then we need 3 million tx a day for these guys alone!!!!!
When we will truly reach those levels of acceptance, whom do we fix and eliminate?

For half of the Europeans to withdraw their bitcoins to their own cold wallet and do nothing with them after, we need at perfect batching solutions, so 1 input 1000 outputs, segwit only nothing else,  90 days of blockspace. For the whole of India to do this we need, you guess it, one year!!

Who do we eliminate or tell to fuck off and not do a on chain tx then?  

First is ordinals, then it's consolidating inputs cause you can just use coin control, then mixers, then it's casinos, next a restriction for coins to be spent under 72 hours, then...what? We start culling people who own less than 0.0001 as it's considered dust?

To lighten the mood a bit:

I created almost same topic(https://bt.irlbtc.com/view/5466022.msg62810292#msg62810292) like this on our local board during the first wave of high transaction fee during the first Ordinals hype.

The discussion of Bitcoin fee is really popular because it’s vital when someone needs to transfer their coins. We use the thread to notify if there’s a golden opportunity to send transaction during low fee. The price is not that popular anymore to small holder if they can’t transfer their coin without spending huge chunk of it on fee just to spend their profit.