In this video I show you why your bitcoin is stuck in the blockchain and I explain how bitcoin transaction fees and the mempool work. These last few weeks, the mempool has been flooded by ordinal and BRC-20 transactions that have made it very expensive to transact Bitcoin. This has shown us how important it is to start building out infrastructure for layer 2 systems like the lightning network and Blcokstream’s Liquid network so that people will always have the option of quickly and cheaply settling their Bitcoin. A lot of people think that ordinals will be the death of Bitcoin but I think it’s greatly exaggerated. I think it his unlikely that monkey pictures will take down the most robust value settlement protocol ever created – Bitcoin remains undefeated.
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Bitcoin Transaction Fees 0:00
Ordinals and BRC-20 Tokens 0:56
How to Avoid High Fees 3:06
Get your Transaction Unstuck 4:32