CD101: Mempools and Transaction Fees with the Mempool Space Team - Wiz, Simon, and Steve

Citadel Dispatch

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EPISODE: 101
BLOCK: 789547
PRICE: 3733 sats per dollar
TOPICS: Mempools, Transaction Fees, Scaling in Layers, Mining Pools, Block Size Limit, Incentives
Read More: High Fees? Bitcoin is Working As Designed + Bitcoin Transaction Fees and UTXO Management
Wiz on Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/wiz
Simon on Twitter: ⁠⁠⁠⁠⁠⁠https://twitter.com/softsimon_
Steve on Twitter: https://twitter.com/hunicus
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(00:23:29) Pain points and improvements in the high fee market

(00:35:56) Transactions being purged from mempools

(00:41:19) Importance of wallets with RBF and CPFP features

(00:41:39) RBF (Replace-By-Fee) feature

(00:42:19) Limits and use cases of RBF and CPFP

(00:46:06) Efficiency of RBF in high fee markets

(01:18:39) Comparison between Bitcoin, Lightning, and Liquid

(01:19:30) The potential of Fedimint and its advantages

(01:26:11) Discussion on the reasons for stale blocks

(01:33:07) The possibility of mempools never clearing again

(01:37:08) The rise of out-of-band transactions and its implications

(01:43:56) Announcement of a big event on May 19th