As Bitcoin Scales, We Need Better Custodial Solutions

As Bitcoin Scales, We Need Better Custodial Solutions

Crypto unintelligentsia discourse has been set aflame by this week’s Big Crisis in Bitcoin.

The culprit: big, fat, unwieldy fee rates.

George Kaloudis is a senior researcher and host of CoinDesk TV’s “All About Bitcoin.”

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Until recently you could have sent a bitcoin transaction rather cheaply, probably at a fee rate of 1 satoshi per vByte (equivalent to a fraction of a cent). Now, with the rise of the use of non-fungible token-like “inscriptions” and the BRC-20 token standard on Bitcoin, normal fee rates are comparatively absurd. At time of writing, getting a bitcoin transaction sent in a reasonable time period would cost something like

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