It's about relative savings, not total cost of opening channels. If you think you'll use those channels for X transactions then how much does that save you in fees or convenience? Or if you're routing, can you make up in that in fees and are you pricing the fees accordingly?

Getting into the next block is still relatively cheap anyways.

what part of the lgbtq does that flag represent

Fee market is working as expected

People seem to believe they can get away with 1 - 2 sat/vB transactions and don't mind waiting. But you can argue mempool being this full means fees will go up soon as people start to think/accept 1-2 sat/vB is no longer possible. There will essentially be price discovery which is a technical term for explosion in the fees in this case. But let's see.

BTW. The only exchange that seems prepared for this is Kraken.

The security of Bitcoin long term requires a healthy mempool never empty.

I also think that this is the most data waiting for confirmation so far, but not the most blocks worth of transactions waiting. In January 2018 we had a depth of 331 blocks, now it’s only 245 so far (but the blocks are bigger now).

I don’t know if we will ever see an empty mempool again or not. If Inscriptions remain popular, we might always have a backlog going forth. We might even if Inscriptions don’t. Or maybe it will clear again. It did briefly clear on the 26th of February, well into the Inscription hype.

In the meantime you can see how a clean ordinals mempool looks like by running ordisrespector https://clean-mempool.bitcoinbarcelona.xyz/

Noone knows if mempool will be "empty" again. We can try to guess, I think ordinals are on a momentum and it won't last could be wrong

Wen 1 sat per byte?

If Bitcoin is successful we will never see empty mempools. I'm not convinced that we have reached that point yet though. Sure looks like we might be there though. I've had no issues getting my transactions in though. I'd rather see this than empty near empty blocks.

tl;dr - No - everyone needs to adapt - everything will be built on top of bitcoin, fees reflect that reality

Never will we see an empty mempool. The LSP's need to adapt, you need to adapt. Competition is here.

This is only natural since it's the part of the path of "everything will be built on top of bitcoin". If you can't pay the fees to get the onchain security, your application is not worthy of it.

I don't know why mempool.space allows the mempool to spill over 300MB, but mempool on my node is 300 MB since that is my limit.

Get prunin'

ive heard people say that since 2017, idk about empty, but i do think eventually 1 sat/byte will be avail for next block

I think yes

конечно увидим. с запуском квантового пк. использовать ресурс на час и собрать блоки с высокой комиссией выгоднее чем считать что то другое.

It's definitely just temporary, imo. Zoom out. The last time mempool saw this much activity was Jan 2021, and it lasted about 6-7 months, until July. Mempool was then completely dead for 1.5 years until now.

I'd say at worst, this congestion takes 6 months to clear. But it will clear.

Umbrel should really make their BTC node software more open to configuration. Time to run ordisrespector. Fuck ordinals.

I broadcast a non-urgent on chain tx at 1 sat/vbyte about a week ago partly just to see if it would go thru in such a crowded environment, mempool.space was showing about 95 blocks worth of unconfirmed txs

Took about 3 days to confirm. It's a stupidly long time but for that specific transaction it wasn't an issue at all, I would have been ok to wait a week before RBFing it.

If you have time on your side you don't really lose anything by sending it in at 1 sat, worst that could happen is you get purged and then you just try again with a small increase. But if you're waiting around not doing anything, might as well, no?

Not in my mempool. got ordinal disrespector?