My latest thoughts on the Bitcoin network. This time I was inspired to look at what's actually been happening with transaction fees in light of the various arguments about the impact of block capacity scarcity.
http://hashingit.com/analysis/47-bitcoin-tx-feesHey thanks for this graph!
It's really nice to check the average fee. Seems like the rise of fees is absolutely not scaled on the rise of transactions. So their is still a very long way to go, fees might get a bit higher it won't kill us.
What's impressive though is the number of transactions, I was not aware of the fact that adoption was so strong and led to so many transactions...