RE: HijackingBitcoin20 Apr 2024 07:17
BTC transaction fees have exploded at the halving from a median $8 to $160. Transactions in each block have doubled..
The launch of Runes and other Degen BTC inscription projects have made BTC unusable as A Peer-to-Peer Electronic Cash System.
There are 200,000 transactions waiting forever in that memepool and the blocks are full of what looks to be inscriptions.
Stupid high fees are great for the miners but as more and more inscription projects roll out it looks like the end of BTC as any form of L1 P2P cash system...
Big Blockers may yet have their victory on the Block Battlefield