The blockchain is seriously overloaded right now, transactions are experiencing huge delays:
...
I believe this has also a bad impact on trading (i.e. too slow from and to exchanges).
You mean traders who
a) lose something like 0.2-0.3% for every trade (exchange commission)
b) accept big bank or SWIFT fees for every fiat transfer in and out
c) accept trading taxes / capital gain taxes etc by their government
...don't have a few cents to get first block priority tx?
Btw, the #1 problem in bitcoin trading is not the speed of btc but the extremely slow fiat / legacy banking.
Great points, AlexGR.
Yeah, sure it is nice if transactions can be confirmed in less than an hour, but it is also acceptable that from time to time, transactions may take several hours and even a day to go through.. still much faster, economical, individual empowering and secure than fiat.. and the whole bitcoin thingie-ma-jiggie is a moving target, and evolving and expanding, so even if we have some delays and some increases in fees... those matters are being worked on and improved upon to maintain the robustness of the whole bitcoin space and what it has to offer to personal finances and control over value....