just pay another couple pennies to get your transactions confirmed in the next block.
Ahh, yes. If only those 10k unconfirmed transactions had paid higher fees they would be confirmed by now.
Supply and demand would have decided which ones got including by who was willing to pay the most.
Yes, but if we raised the cap slightly, miners "could" fit more transactions within a block, thus clearing this backlog.
Raising your fee just places you at the top of the list. But the line is still increasing.
And in theory, if that line continued for weeks, you'd pay eventually 1btc to be at the front of that line.
That means that there would be 1 thousand other transactions every 10 minutes that were willing to pay 1 btc to have there transactions included as well.
Yeah.. great for miners, but horrible/impossible for the average user. Thus nurturing Bitcoin/bitcoin.
My point is eventually the fees will continue to increase to a point that most users can not afford.
Many new and average users only own
way less than 0.10 btc.
What happened to spreading Bitcoin throughout the world?
What are all those poor people in poor states gonna do now?
http://www.coindesk.com/ben-parker-bitcoin-has-potential-in-fragile-states/Tough shit for them, I guess, eh?
That will lead to a huge decline in bitcoin... as for if it's so hard to spend, why use it at all? :-/