Splinterlands Daily Update | Bitcoin DoS Attacked? | Market Watch: BTC Down to $28k, HIVE Down To $0.37 (May 07, 2023)

Splinterlands

• 10 diamond chests
• 26 common cards

Daily Focus Chests: +10 Diamond | 62 Diamond Total

Modern League - over 3700 rating for Champion III

• But... I am going to hold back from advancing
• I will be working on the Wild League, if I advance now I won't be getting many Champion Chests (maybe 1 or 2 per day playing in the Gold I or Diamond III)

Wild League - Losing more than winning

• I started the season in Diamond III
• It is always risky at 2800... dropping down to Gold I is a whole different meta, with lower tier monsters
• And... it happened, /SMH

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Crypto Market - Yesterday was dumpy, today is the dump

• Bitcoin still holds above $28k, but
• HIVE is dumping a bit harder, back to the 37 cents range

I know people don't like to see HIVE drop in price... if you are not selling HIVE, this is a gift. Extended opportunity to accumulate more (with fiat) before the next bull run

Story of the day - Is Bitcoin under attack?

If you don't know this already, https://mempool.space/ is a very good website to bookmark

• The number of unconfirmed transactions keeps on going up, it is now sitting at almost 460k
• The cost of transacting in BTC is going up while the backlog persists
• Is Ordinal Inscriptions (NFTs) to be blamed?

Is this a DoS attack? Or is this good for miners?

Maybe this is just a taste of what's to come more and more frequently if crypto's going mainstream, base layer is not scalable

Stacking sats surely is expensive

I think Bitcoin blockchain is working as intended. When demand is high (whether it's genuine or spammed transactions), the fees adjust to the appropriate amount. It may be inconvenient and expensive, but that's the price we pay for decentralization and security

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The Usual Screenshots 👇