Michael Saylor Says Bitcoin Has Had No Spam Transaction Problem in Past Decade
JH Kim
Summary
- Michael Saylor said the Bitcoin network has not experienced a spam transaction problem over the past 10 years.
- He said the current average Bitcoin fee is 1 sat/vB, or about $0.30, making instant transfers possible.
- He also said the Bitcoin block space issue is being resolved by free-market principles.
Forecast Trend Report by Period
Strategy founder Michael Saylor said spam transactions have not been a problem on the Bitcoin network over the past decade.
Writing on X, formerly Twitter, Saylor said that despite debate over block space and non-monetary use cases, Bitcoin has not faced a spam transaction issue during the past 10 years.
Bitcoin’s average fee is now about 1 sat/vB, he wrote, allowing users to send any amount instantly from anywhere in the world for about $0.30. He added that concerns over Bitcoin block space are being resolved by free-market principles.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.