There are 400,000 pending transactions on the bitcoin network and binance halted transactions due to the congestion and high fees
I’ve been warning people of this for months and the righteous bitcoin maxis have kept their mouths shut because they can’t admit bitcoin has any flaws
I always tell the truth.. Bitcoin has an exploit and it needs to be fixed asap
people are uploading useless data to the blockchain which is making it slow and expensive
someone uploaded 10,000 pictures of monkeys to the blockchain which bloated nodes by 1.4 gigabytes!
That’s just one nft collection!
this community is supposed to be strong enough to handle quantum attacks, but watching it be defenceless to jpegs is embarrassing
maybe some centralization is good, because this is an obvious problem that should have been fixed by now
hoping the nodes and miners come together to solve this but I fear greed has already gotten in the way
this demand may be good for price in the short term, but it simply does not scale. People will leave the network because it is inefficient for both money and for NFT’s
I’m researching privacy coins in the meantime since you can’t track each coin to do stupid stuff like this