[cyphertruck]

The large backlog these days is mostly spam transactions with almost no fees. Bitcoin has increased capacity dramatically in the past decade.

[tromp]

Wrong; there is a large backlog of transactions paying over 50 sat per byte [1], which is over $10 in fees for most transactions.

[1] https://jochen-hoenicke.de/queue/#BTC,24h

[iso8859-1]

Why is it $10? According to https://www.buybitcoinworldwide.com/fee-calculator/

Fee rate: 51 satoshis/vbyte

SegWit transaction with 1 input, 2 outputs: ~172 vbytes

In total: ~8772 satoshis == ~4.48 USD

[tromp]

Because the average transaction is over 400 bytes in size [1].

[1] https://bitcoinvisuals.com/chain-tx-siz

[uncletammy]

https://bitinfocharts.com/comparison/size-btc.html

Make note of the inflection point around 2016. Yeah, it's right around the time your capacity chart starts looking like a wet noodle.

Yeah, that's when a few your scumbag BTC devs removed Gavin Andresen's commit access and killed BTC's last chance of becomming a real currency.