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So it's more like me announcing that, if everyone in line lets me cut to the front, I will burn a $100 bill and enrich them all slightly through deflation. I wo

• landemva 4y ago
  Yes, and eventually drop out of the group of unprocessed transactions (mempool). You can cheaply try this for yourself. No permission needed to learn!
• mattdesl 4y ago
  The burn is one part (and in many cases the majority of the transaction fee) but there is also an optional tip directed to miners which may incentivize them to include your transaction first. Transactions that are below the market fee will just sit in mempool waiting for a miner to pick it up. Eventually these 'stuck' transactions will be pruned by nodes to free up room for more rewarding transactions. I recently wrote a thread on how UI design changes could likely mitigate most of the overpaying that the Vice article is reporting on.[1] [1] https://twitter.com/mattdesl/status/1521427065437884417 https://twitter.com/mattdesl/status/1521427065437884417