"All time high" is usually just code speak for "the highest viewed trade price on a reputable non-shady exchange with decent liquidity and a CLOB method of trade matching."
The CLOB (central limit order book) is the important part. It means as long as there is a sell ask below your market order buy, the transaction will be settled at the lowest sell ask price.
If you and I agree to trade $100 for 0.001 BTC that does not make the ATH $100k, because the CLOB markets are still duking it out below $100k.
Juhuu es ist wieder ein neuer Bitcoin Basel Meetup geplant. Jeder ist willkommen, vom erfahrenen OG's und Plebs bis zu Neulingen mit vielen Bitcoin Fragen. Wir freuen uns auf dich!
The government is disallowing use of ECDSA within 10 years. If you know anything about how Bitcoin transactions work... Well, do with that information what you will. Support P2QRH and our work at @SurmountSystems!
Gestern waren einige von #BitcoinBasel auf der @bitcoin_alps Konferenz! Ein top organisierter Event mit starken Speakern und wertvollen Insights. Besonders inspirierend: der Bitcoin Strategie-Workshop von @SayNode für den Einsatz von #Bitcoin im Unternehmen. Danke an alle!
@openoms bitcoind does rely on the mempool for fee estimation.
the estimatesmartfee algorithm works by tracking how long transactions in different "fee buckets" wait in the mempool before getting confirmed.
which means it needs to see a representative sample in the mempool.