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2000 sats/vByte? What's going on?!?

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by COINS NEWS 55 Views

2000 sats/vByte? What's going on?!?

I'm guessing it's the rollout of Runes/BRC-20 shit coins?

I can't stand that stuff. It's the worst of both worlds, it adds nothing to the native demand of actual bitcoin yet places the burden on the network of higher feeds and higher data requirements for nodes.

Higher fees are not a good thing, the network is currently sufficiently secure and not under threat. It's unnecessary. Arbitrarily increasing the cost to transact to support competing coins or unrelated NFTs is just nuts. You can't even affordably transact on lightning with these fees, simply loading and unloading a non-custodial wallet is unaffordable.

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