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👨‍💻 utxo 👨‍💻
npub1utx…50e8
2024-10-18 11:49:34

👨‍💻 utxo 👨‍💻 on Nostr: Why do fees suddenly spike to like 300 sat/vB for these ordinals things then drop ...

Why do fees suddenly spike to like 300 sat/vB for these ordinals things then drop back down right away?

Like specifically why, not just "because degen" - are paying high fees part of the protocol, is it a sudden rush of trading?

Why does the next block become so valuable when they could just wait?

Explain it to me like I pay a monthly fee for a blue check
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npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8