@killerstorm I mean an economic effect because the value in unconfirmed txns is essentially frozen - it’s not safe to spend unconfirmeds.
3) These txns paid 20 sat / byte, well below where the current “floor” appears to be. Is someone abusing @YourBTCC’s BlockPriority service?
2) The 3 red clusters picture above are:
https://t.co/lVi0gViZJv
https://t.co/Zc4bkHZ878
https://t.co/sXqTkVw9Ue
All mined by @YourBTCC
1) Something funky happening on the blockchain? Lots of clusters just in a 10 min period. gappleto97.github.io/visualizer/ pic.twitter.com/DwICuB26U3
@BTCoinInformer Looks like we’re coming up on 24 hours for some of the oldest ones.
@josephjpeters So… no effects? Will we never reach a critical threshold because users will simply stop sending transactions?
1.68% of all BTC value is unconfirmed - about 10% of daily txn volume. At what point does this have a ripple effect? pic.twitter.com/cOpzScx7cb
“Bitcoin fees are like a 7c toll bridge, but half the drivers are throwing a quarter as they drive past.” https://t.co/MhAMDKvHzc