BTC is quite literally made out of hot air. Burning coal to create hot air to spin turbines is the most common energy source for BTC mining. And "hot air" describes most of it's coals replacements as well.
Yes, if in your analysis digging up fossil fuels to power the entire world infrastructure is just a side effect of sustaining the currency's core value. Good thing cars, airplanes and shipping have as much intrinsic value as waste heat.
100% BULLSHIT. The fees on Bitcoin, on chain, have been less than 75 cents the entire year of 2021. The average tx on chain the past 9 months has been about 10-15 cents. Unless you stand here trying to tell everyone that 10 cents is a crazy transaction fee. Quit lying, or better yet quit spreading FUD purposely.
So today, the low priority (and for the past few weeks) has been sitting at 6-7 satoshi per vByte. If you do not understand and watch the blocks to realize you can simply set to around 3-4 sats/vB and get in within 2-3 blocks when a block comes along with merely a few hundred transactions in it, sure you're going to pay about 65-75 cents. But I'll pay 10 cents and still get in, while you pay 75 cents. It's not zealotry to tell the truth about using Bitcoin regularly and those that use Bitcoin all understand the fees have been 10-75 cents max all year long. My own sources don't back me up? Anyone using Bitcoin at least once or twice per week the past solid 9 months can attest that transaction fees have been floating from 3-8 sats/vB and you can comb through ALL the blocks you want to figure it out. Or don't figure it out. You're here to spread FUD quite clearly, anyhow.
The fee was NEVER once $62 per tx in ALL of April, I sent numerous transactions all that month long for mere cents.
And considering I use Bitcoin frequently, and I'm constantly, on a weekly basis sending on chain for 5 cents, 10 cents max. I'm in within a couple blocks, every single time. You are straight up spreading FUD.
> 100% BULLSHIT. The fees on Bitcoin, on chain, have been less than 75 cents the entire year of 2021. The average tx on chain the past 9 months has been about 10-15 cents.
By your own sources your original claims don't hold up. So much for "100% BULLSHIT". Please stop with the zealotry, it makes the entire space look foolish.
> The fees on Bitcoin, on chain, have been less than 75 cents the entire year of 2021.
The average transaction fee on April 21st was $62.779. You are wrong.
> The average tx on chain the past 9 months has been about 10-15 cents.
Clearly wrong. The data you cite is the median transaction fee, not the average transaction fee. For the lowest median transaction fee the chart shows 22.9 cents. Even that is above your claimed 10-15 cents.
Good for you that you spent less on your transaction, doesn't change the data though.