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0 sats \ 0 replies \ @freetx 16 Dec 2023 \ on: Discussion about record high mempool fees bitcoin
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There is nothing anyone can do about: Good for the miners though....Not just from current income, but this basically proves mining will survive in new reduced subsidy eras
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I always wonder how much of these high fee events are caused by poor default choices in software. I remember during one of the previous high fee events, it was discovered that many of the popular wallets were recommending fees 2-3x higher than necessary. It only takes 20-30% of the bids to be abnormally high to suddenly incite a bidding war if block space is low....For example I know that Coinbase and the like normally overpay significantly...what about all the mobile wallets....