BobLawblaw
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October 23, 2018, 05:55:42 PM
Last edit: October 23, 2018, 06:23:17 PM by BobLawblaw
Merited by Last of the V8s (1), micgoossens (1)



common BOB do not turn to bearish on us ...... always in need of SOLID BULLS  Roll Eyes

Was not intended to be a bearish statement. Just attempting an objective look at the technical underpinnings of the rally mempool in retrospect.

It was a perfect storm, really.

EDIT: And to clarify that last point, the overall Bitcoin Network and Exchanges were not widely utilizing SegWit or transaction batching during the Dec-Feb rally, which exacerbated the issues with the mempool growing as it did. Exchanges are, for the most part, up-to-date with best-practices, and we should not have that massive scale of a backlog, unless Bitcoin transactions/usage dramatically increases (I'm talking at least by an order-of-magnitude present daily average volume).

Also, Lightning network adoption is steadily increasing for micropayments, and that shit's off-chain anyway once you lock in your funds.