Christmas miracle:



Probably till some late Thursday feels will keep going down, not only it's weekend but also prolonged holiday for like half of the world during which I doubt people are that eager to smack around coins, so better consolidate whatever outputs you've got during those months and be prepared for the next year!

and yet banks invented debit cards to save on filling in forms and excess fee's
whenever i go abroad and use debit card i dont have your fiat experience..

and yet bitcoin is becoming worse than fiat.
natively im british so my bank wire transfers of fiat are free. but now bitcoin has been the thing with huge fee's

i remember the days when bitcoin was advertised as the remittance system for international currency exchange that was cheaper the using WU.. now western union is cheaper then bitcoin..

core devs love the fee mania and congestion. it helps advertise their corporate sponsors ROI via alternate payment networks that use middlemen

most dont..
most the amount of channel users of subnetworks is small.. however if you look at how many members sign up to CEX you see most people leave value locked into CEX. they just avoid the bitcoin network entirely because even moving to subnetworks costs bitcoin fee's of opening channels

Ethereum have some popular sidechain though, especially Polygon which offer lower fees and faster confirmation.


Someone probably think it's good idea to create Christmas themed NFT.


And as i stated on different thread, not many people bother opening LN channel when it costs them several dollars to do so. And while you can buy Bitcoin located on sidechain,

• It requires you to use altcoin or fiat to avoid creating Bitcoin on-chain TX fees.
• If sidechain become more popular, someone have to create on-chain TX in order to "move" Bitcoin on-chain to sidechain.

Currently, the fee is way low as compared to the usual $20+ fee day. It's at $4 max as of now, I like the Bitcoin Network this way however it won't be like this for long.
The Ordinal people are going to attack the network again with their spam transactions.

I am wondering what will happen if we have 3-5 more Projects like Ordinals on BTC Network?

Santa has gone all NFT!
It was wooden horses, tamagotchi, fortnite skins now it's Bitcoin ordinals!  

A rather interesting thing, although we have a bit lower fees (ignoring that as I type it's 132sat/vb for the next block since we had 2 blocks in 75 minutes!!!!) the overall mempool over 10sat/vb has kept growing from 203vMb to 214vMB.
So there is a rush of consolidations happening!
That aside of elf crafting sexy reindeer ordinals.



Since you mentioned forex I assume this is an international wire, so yeah this is where Bitcoins till beats banks, but for internal transfers, no , it has been left in the dust, I have instant transactions on all major 7 banks, 24/7 here.
And when it comes to remittance, it's not banks and WU BTC needs to compete, it's Revolut and the others.


LE
2 blocks in 75 minutes, 7 blocks in 3 hours, somebody has been naughty!!!

I very much like the sarcasm of that guy.

Because, we are all upset. I mean, who could have predicted that a wave of dumbasses would flow the mempool with gigabytes of crap images, deeming the on-chain transactions useless? I'm pretty confident we all expected Ordinals to have ended months now, but hey; it's close to a year and people still buy that nonsense. Unbelievable.

Rising the block size in a regulated manner to make this "confiscation" of block space more expensive sounds like a valid argument, but you were here in 2015-2017. Wanna repeat the era that gave birth to every failed fork of Bitcoin? I would rather not.

and yet banks invented debit cards to save on filling in forms and excess fee's
whenever i go abroad and use debit card i dont have your fiat experience..

and yet bitcoin is becoming worse than fiat.
natively im british so my bank wire transfers of fiat are free. but now bitcoin has been the thing with huge fee's

i remember the days when bitcoin was advertised as the remittance system for international currency exchange that was cheaper the using WU.. now western union is cheaper then bitcoin..

core devs love the fee mania and congestion. it helps advertise their corporate sponsors ROI via alternate payment networks that use middlemen
[/quote]

When you send money overseas like I do, you always fill froms. You have now 'convenient' option of Vis payment but guess what you still have online form to fill, plus Reason of sending, Relation of receiver and Source of funds AND higher fee of 5%.

Most of us asians send money abroad, remittance through companies is the cheaper option but still days of waiting and forms.

WU? My WU is flat fee almost 4-5% (it gets smaller with big amount) plus worse exchange rate. Its the fastest (instant collection) but MOST expensive.

You'reBritish so maybe you don't feel thirdworld daily occurrence

visa debit cards can be taken out easily. i use one all over the world. never have i needed to fill in paperwork per transaction/per country visited

as for WU compared to bitcoin
when bitcoin fee's are $30. sending $100 is 30% fee
when bitcoin fee's are $30. sending $200 is 15% fee
when bitcoin fee's are $30. sending $600 is 5% fee

i see many people seeing bitcoin as the annoyance in regards to remittance these days compared to <2016