Bitcoin developers feud over whether to stamp out memecoins, which have swarmed the network, led to an 11x spike in fees in May 2023, and created a logjam (Sidhartha Shukla/Bloomberg)

Sidhartha Shukla / Bloomberg:

Bitcoin developers argue over whether to get rid of the memecoin, which has flooded the network, leading to an 11-fold increase in fees by May 2023 and creating a deadlock— The programmers who maintain Bitcoin’s blockchain are in conflict over whether to get rid of the meme tokens that flood the network.


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