mining pools were not crying when 6.25btc was ($106k($17k/btc)) last year
mining pools were not crying when 6.25btc was ($212k($34k/btc)) in summer

they dont need the extra fee..
its just used as a scapegoat to try to blame the miners when the inception of this junk spam was due to core dev exploit they refuse to fix and instead want to blame someone else

also asic owners dont even get to choose transactions. so dont try saying they choose it

miners are not poor. thats what the spot market economics is for.
pretending an exploit shouldnt be fixed by pretending the miners need it. is a LIE. its a scape-goat trick to shift the pointy fingers away from core devs

I know that they are getting more money by mining than confirming transactions. But it is what it is. If we are in a hurry, we can simply use an alternative solution for this and if not then we can easily hold it for as long as we want if it's in a personal wallet. In case of exchange holding, we can easily convert it into something else which is faster and cheaper than Bitcoin right now.
Price to fee ratio doesn't matter as we are facing congestion in the mempool. I have no insight on the dev team so I cannot point finger at anyone. If not this, then something else. People will always find alternative ways for dealing with this kind of situations.

That's true, but i also expect not many Bitcoiner create lots of Bitcoin transaction. Aside from business, i expect only daily trader would take benefit from using LN.


But aside from BCH, most other fork only join hype ride where people got excited from obtaining "free" forked coin.

Me and difficulty adjustments. I should really quit, I've won 6 times at Kempton today on horses but this adjustments..


Turn out my prediction as completely off the mark, pace is just as fast:

so it means we had
-on average extra 5% capacity
-weekend + two Christmas holiday days
and yet the fees hold high and hover from 60 to 100 sat/vb, also the distance to 10sat/vb is still the same , 213vMB as I type, almost no changes, so guess this was the last chance to see fees in the 20sat/vb, I doubt new years eve will be able to do something either, despite following the same weekend pattern.


You know, depending on how you look at it and how biased you are , one might think of this like:
Do you really want to let people chose again what they want, like in a 4 years cycle elections? 

Depending on how you look at it, exactly. In my opinion, Bitcoin is more important than elections in democratic systems. If Bitcoin was democratic, we'd not only have to agree to a particular set of rules but also be forced to use what the majority deems as right. "Screw majority", says bitcoin. You can opt-out anytime you want, and join another community, which is more oriented to your perspective on how the network should operate.

The people do choose what they want, just not in the manner of traditional elections. It surpasses that system. Unlike in elections where a government mandates voting for one of the presented options and obliges compliance with the outcome, Bitcoin allows greater individual autonomy.

IIRC it's not as bad as faketoshi/BSV does. Although at that time you frequently see claim BCH is true Bitcoin, misleading newcomers to buy BCH when they actually want to buy BTC and use abbreviation "Bitcoin Core (BTC)" which is ridiculous. And FWIW BSV is BCH fork.


Some people isn't patient either, so it's not surprising they pay high for fast confirmation. Meanwhile some wallet or service simply set high fees since they'd rather see people complain about high fees rather than their TX unconfirmed for some time.

Nope, no difference. It's the same in a country with free election and especially in one not locked like NK!

You don't like the government, you're free to go, sell your house (coins) move to a different country (blockchain), buy a house and get job there (use a different coins and a different blockchain). See how easy it is? Just how you tell people that don't like the fees and speed of BTC to use BSV somebody seeing you angry at your government could tell you to pack your bags and go to **** Somalia if you don't like the policies!
And no it's not superior because in a normal country you can elect  the government every 4 years, good luck trying to that with Foundry or Mara and the lead developers, put it simply in Bitcoin you have the freedom of packing your bags and go away if you don't want to obey the rules but no chance of you and your finds even with a majority managing to change them  
Yeah, hard to swallow pill, but think about it twice, it's the actual reality!


The quote on mempool is also misleading, that is for one tx with 1 input one output, after juggling for almost 6 months with coin control, most of the actual users are out of options, there are moment when you need to increase the number of inputs, and from $6 that might turn to $20.

Also, despite 4 blocks in a row in 10 minutes, we're still at 142sat/vb, and I just got a refusal to relay a tx due to low fee at 21sat/vb...

Bch is not a serious project. It is somebody’s toy. It has way less real world adoption than the major alts. Ltc, doge and xmr are viable alternatives to btc imo and I am raising my positions in these alts lately. Btc sadly became an exchange stock which lost its transaction ability. It is only good for buying and selling on the exchanges… If they somehow find a way to lower them fees, I will gladly go back to btc but right now it is not a matter of choice, it is a necessity. Some people here say that we should defend bitcoin at all costs and why should we exactly? To get ripped of by the miner fees? Nty I haven’t signed up for a religion.

foundry is a black box pool.

you can not view its hash rate you need 20ph to join it.


20 ph is about 200 s19's  or 150 s19 xp's or 100 s21's

so your entry fee to just belong to them is over 400K easy

$2000 x 200 = 400k in s19k's plus a space to mine them .

plus infrastructure about 750kwatt transformer fans to cool

if you have 5 cent power they cost 22000 a month to run.

And while that lets you be in that pool (the biggest) I have no idea what you see of their website.

they could fund this attack as they earn 48 blocks a day.

 I don't think not moving to other coins/blockchains has anything to do with the number of merchants accepting them, I hardly believe that there are enough people who use BTC for any sort of merchant payments, it just doesn't make sense to me, the way I see it is that almost nobody uses BTC for "merchants payment" if we talking merchants, how many accept bitcoin? 15,000? 30,000? against 350M + who accepts credit cards? what does that give you? 0.00x % ? you round it to the nearest whole number and you get exactly 0%.


I do however agree with the first part of your post,  leaving BTC isn't as easy as leaving your country, and the main reason why people are not leaving BTC is that they treat it as a store of value, and they think it has the best and most guaranteed chances of growth compared to any other coin. if it was not for the "store of value" concept, why would anybody buy BTC today? it's the most expensive coin to spend and the slowest to move, which proves the above point, in the grand scheme of things -- nobody uses BTC to "transact".

And yes, someone will quote the white paper "P2P electronic cash system .................", spare yourself the efforts, nobody cares.  

So now begs the question, is BTC on-chain even feasible to use for daily payment? will it ever be? The answer is simply put - NO!.

It's now Ordinals to blame, fine, let's ban them, will that solve the problem forever? will there be enough room for 5% of the world population to transact on Bitcoin's main blockchain for cheap? NO!

is there any technical solution that we may implement in the future that would keep BTC as secure as today and process millions of transactions per second without breaking something? NO!

So what should we expect? what are we waiting for? it seems like our only hope is that the "others" would stop using it so that "we can", those "others" will differ from time to time, it could be BRC-20 junk shit, it could be banks settling their payments, pools spamming the blockchain to keep fees high, rich people paying for coffee using bitcoin, we don't know-- but there will always be "others" to fight.

What is the right thing to do?


We need to accept that we can't expect BTC to

1- Make us ultra-rich, allow us to transact for dirt-cheap, stay as secure, not to be regulated, and cure cancer. That's just too much to ask and seems like we want everything!

Transacting for cheap on the blockchain will not be a thing in the future, I can't stress this enough, without other layers/sidechains that actually work we need to start to treat BTC for what it is treated by the majority of people who don't seem to be complaining about fees because they hardly spend any of their BTC anyways.


What does currently mean for the website you posted? you can only know the pool's real hashrate if they report it publically, other than that it's just guesswork, I opened the link right after you posted your post and it's now showing 152.34 EH/s, there is no way the added 1.3EH in 10 seconds, what you see here is estimated hashrate based on how many blocks they found during x period of time (seems like last 100 blocks for the website you posted), those figures are highly affected by pool's luck, i.e, it's possible for a pool with 10EH to show as 20EH if they had 50% luck for whatever x period the website uses.

With that said, I believe currently through their API (assuming it's correct), foundry reports 155EH.