Vijay boosted

#idea.. #bitcoin RBF with auto fee increment rate

Example tx;
Pay 1000 sats as fee, transfer rest to address 1abcd*.. to go in block-n, otherwise increase fee 2 sats/block

/64

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Vijay boosted

4 votes.. all 4 choose different options. :)

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Which of these journeys will be the most important one, for ?

Vijay boosted

When will tx fee become greater than block reward?

discount sale.. 9.35% down from recent high $9200.

I think (2) will be delayed and timed to dump btc and crash prices at $100k levels or more. That's when it gets max leverage.

Also note, (2) isn't profit booking. People who book profit max $$ for their btc. People dump btc has different goal; crash btc prices (maybe to buy btc cheaper, or not).

Also, (2) isn't easy because btc crash also means alts to btc inflow.

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The Kindest Cut: Why the 2020 Bitcoin Halvening Is the Most Important Yet | Bitcoin Magazine
bitcoinmagazine.com/articles/t

Post 2020-halving inflation will become 1.9%. now whatever money is flowing in to sustain $8k price, it would easily become a support level of $16k ++ (1) whatever new btc not coming to market -- (2) whatever old btc coming to market.

>It took 42,000 lines of code to disrupt the banking industry
@.Xentagz

Some #bitcoin stats 

* 18.1M btc mined so far

* Blockchain has about 38.6M tx with 65.2M utxo, 3.6 GB size on disk. 258 GB, unpruned (494M tx)

* Mempool is almost cleared periodically, has max 6k tx, total size 2 MB

* Accepted tx average for the day is 3.52 tx/second. Rejected, 0.57 tx/s

* Average spent, 10 btc/sec (~ $90,000)

* Average Fee 6585 sats/tx, or 19 sats/byte

* Average received data 13 kbps, sent 135 kbps

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Bitcoinism is totally distinct from the cypherpunk, libertarian, Austrian, or anarchist movements. It is a philosophical movement in its own right

 >a new BIP ( improvement proposal) for universal, multi-currency addresses. -Ty Everett

🤔

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