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Bitcoin Forum / Re: High fees is a never ending story?
« on: Today at 04:43:51 PM »
Fees are back to let's say acceptable levels for simple payments, meaning 1 input, and not buying a coffee.
The bad thing in this is that it also means usage is dead, the blocks are full of runes and ordinals, a ton of them are coinjoins, we had 100 fewer blocks in the last two weeks that would have cleared the patch down to 6sat/vb and it keeps dropping, so probably a lot of users have either gone altcoin or (hopefully LN) and you're not going to see them coming back too soon.
The bad thing in this is that it also means usage is dead, the blocks are full of runes and ordinals, a ton of them are coinjoins, we had 100 fewer blocks in the last two weeks that would have cleared the patch down to 6sat/vb and it keeps dropping, so probably a lot of users have either gone altcoin or (hopefully LN) and you're not going to see them coming back too soon.