That rising mountain is 6hrs of activity. There are already 30,000 transactions willing to pay more than 50 satoshis per byte
Transaction fees are measured in satoshis per virtual byte (vbyte). Different transaction types have different sizes, depending on the complexity, number of inputs/outputs and address type being spent.
A typical size (one input, two outputs) is about 144 vB.
A lot of people who are into cryptocurrencies will see this FinCen leak as vindication and proof that banks are money launderers.
But, this will be used against cryptocurrencies...
See the correct analysis of this news is that AML/CTF and KYC don't work. They will never work because they try to control the *tool* not the *criminal act*. It's not the money that is illicit, it's the use of that money to commit crimes.
I've talked about this extensively. Not only is the use of money as a crime-control mechanism ineffective, it has terrible consequences that increase poverty for billions by creating economic exclusion. So it's not just useless, it is "Worse than Useless"
This whole "what is ETH supply" thing is a silly gotcha that doesn't make much sense if you understand how Ethereum works. It's no better than the silly gotchas Schiff and Roubini level at bitcoin.
We can do better. Let's look at the details...
First of all a block explorer is a very limited view of any blockchain. These are user-interface tools that abstract important details and translate them for the user's benefit. They each have a point-of-view that is the result of their data collection and analysis methodology
You can easily see how this plays out in Bitcoin too, if you've paid any attention to all the errors in popular blockchain explorers over the years. Take a Bitcoin metric like "current hashrate" and you will find a dozen different answers depending on where you look
It seems like some Twitter API posting service has been compromised and being used to send out fake "giveaway" tweets from popular crypto/blockchain accounts. "CryptoForHealth" is a scam.
No way are all these accounts unprotected by strong passwords and TOTP 2FA
I don't think this is a compromise of Twitter. I think it's another intermediary "social media posting" service that is popular and used by multiple companies. They often have weaker security and limited 2FA options, but full access to the Twitter API granted by the user.
To be clear, no one should be gloating about this and neither am I. No one is immune to attacks and even while I feel I have taken strong precautions to protect my account, I'm watching this with horrified interest, hoping it doesn't happen to me.