Sure, but eventually after absorbing enough trust (value) it will move with global GDP appreciating by whatever new goods/services are added to the global economy. Bitcoin's fixed liberties will shine brightest and the way to earn more [monetary] value won't be by holding bitcoin, it'll be by holding Ford stock etc.
Can we please stop talking about 'number of transaction pending' or 'MB in mempool pending'? Its totally meaningless.
Look. I can generate 100 MB of bitcoin transactions with 0-sat fees and keep broadcasting those to my peers. Those are legal transactions (in early day of bitcoin it was normal to use 0-sat fee).
Will those txs ever clear? Of course not. 0-sat-fee is too low for today standards. Will those inflate 'MB in mempool pending' and 'number of transactions pending' metrics? Yes!
See? It's kinda meaningless to care about this metric. Blockchain processes ~4MB of data every 10 minutes and that's that. It doesn't care how long is the backlog of txs.
Baseline forming a higher consistent floor, looks like a trend we haven't seen over a period more than a few months. I don't see it in any other project mempool.
We've started prediction markets on that! No sats there yet... but still, fun to predict!
https://manifold.markets/LightningBee/will-bitcoin-mempool-clear-in-2023
https://manifold.markets/LightningBee/will-bitcoin-mempool-clear-by-the-e
Fun!
https://imgprxy.stacker.news/2Fds_6O7LNSDlQLoYt2RjoSSrAkdommezJzAnZ_ykAw/rs:fit:600:500:0/g:no/aHR0cHM6Ly9leHRlcm5hbC1jb250ZW50LmR1Y2tkdWNrZ28uY29tL2l1Lz91PWh0dHBzJTNBJTJGJTJGaS55dGltZy5jb20lMkZ2aSUyRlRjUEhHNXNZa01ZJTJGbWF4cmVzZGVmYXVsdC5qcGcmZj0xJm5vZmI9MSZpcHQ9YTYzNzRmNDA0MWQ2NTA3ZWFhMjkyMWYyNmRiMDQxZDU4ODE5NjdmYTI3N2RhYTU1NjAxMGQ5NTI2ZDM1Zjg4ZSZpcG89aW1hZ2Vz
Sure, but eventually after absorbing enough trust (value) it will move with global GDP appreciating by whatever new goods/services are added to the global economy. Bitcoin's fixed liberties will shine brightest and the way to earn more [monetary] value won't be by holding bitcoin, it'll be by holding Ford stock etc.
Shhh. This was one of those times when I wasn't trying to be that deep lmao
I can't help it tho!!! Bitcoin has put a bypass into my brain's clock.
FOREVER
Doesn't look like it
Doupt
Can we please stop talking about 'number of transaction pending' or 'MB in mempool pending'? Its totally meaningless.
Look. I can generate 100 MB of bitcoin transactions with 0-sat fees and keep broadcasting those to my peers. Those are legal transactions (in early day of bitcoin it was normal to use 0-sat fee).
Will those txs ever clear? Of course not. 0-sat-fee is too low for today standards.
Will those inflate 'MB in mempool pending' and 'number of transactions pending' metrics? Yes!
See? It's kinda meaningless to care about this metric. Blockchain processes ~4MB of data every 10 minutes and that's that. It doesn't care how long is the backlog of txs.
Broadly correct, but to nitpick your peers will almost certainly inform your node of a min relay fee > 0.
maybe
Baseline forming a higher consistent floor, looks like a trend we haven't seen over a period more than a few months. I don't see it in any other project mempool.