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Tauri | Bitcoin-BLAKE2b profile picture
Tauri | Bitcoin-BLAKE2b
@Tauri
Looks like Jimmy was on to something with this prediction.

See for yourself: https://mempool.guide

~270,000 txs in the backlog with massive fees piling up by the hour. Fee rate estimate for the next block is between 7 and 115,000 sats/vB lol. Meanwhile the fees on the Poolcoin chain are below 1 sat/vB.
jimmysong @jimmysong · 3w
The weirdest game theory incentive for BIP110 is that the more people want to dump BIP110 coins, the more transactions they'll add to the BIP110-chain which presumably will have much lower hash rate. Eventually, the large backlog of transactions will cause higher fees and with it Show more
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High on Bitcoin · 4d
Thank you. Interesting reading during this time
Lord Wilmore · 4d
This is because BIP-chainers are encouraging each other to send their funds to themselves in order to create transactions and stimulate demand for the miners. Plus, how do you spend your coins on one chain without transferring them on the other as well?
Anonymous · 4d
Increased fees just makes it harder for plebs to use as actual money.