Post
Topic
Board Bitcoin Discussion
Re: Fees when bitcoin "skyrocket"
by
Amph
on 22/07/2015, 07:14:33 UTC
A fee at this moment is a very low value in USD (0,0001 BTC / 2cents).

But - lets hope and pray - when bitcoin skyrocket to prices like 1 btc = 100000$, the fees will be huge in fiat value!! People, for a transaction of 10USD (0,0001BTC) would pay 10USD in fees too!!!

Or am i missing something here?
Don't afraid such peoblem, it will be reduce the fee when the price is too high.
                                                                   

the point is that this will lead to more waiting, for your comfirmation, which is already long some time when the average is not on your favor

if you already reduce it by one order of magnitude, you need to wait two hours on average, not ideal at all