4 ms·
The SegWit project quadrupled the max block size in 2016. Since then there’s never been significant backlogs. Even with record high prices, one hour transacti
by cyphertruck 6y ago
The SegWit project quadrupled the max block size in 2016. Since then there’s never been significant backlogs.
Even with record high prices, one hour transactions are less than a dollar. Maybe even a $0.10 fee will clear in that time.
I don’t know why this claim it never happened persists, except certain people who wanted to tule over bitcoin have spent millions employing an army if bots to spread the lie.
- zhoujianfu 6y agoIf a transaction will clear in less than an hour for less than a dollar (or even ten cents), why is the average fee currently $9.10?
- ric2b 6y agoBecause lots of businesses don't care that much when they're moving much higher amounts, so they use really basic/dumb algorithms to choose their fees.