Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
adamstgBit
on 12/07/2016, 02:24:37 UTC
Quote from: nonbody on July 12, 2016, 02:18:04 AM
Quote from: adamstgBit on July 12, 2016, 02:09:42 AM
Quote from: AlexGR on July 12, 2016, 01:45:54 AM
Quote from: Agaguk24 on July 12, 2016, 01:33:08 AM
Bitcoin movement has been disappointing lately. Any idea when will the block size issue be fixed?

Increase the fee associated with the transaction and you've got a fast confirmation. If you are not in any hurry for a particular transaction, you can lower the fees.

Higher priority => higher fee
Lower priority => lower fee

Get the estimates here: https://bitcoinfees.21.co/

i think fees are set to go slowly higher, even with segwit + LN, i bet there will always be alot of TX demand on-chain. An incress in fees will incentivize poeple to use the second layer's nearly free TX.
Bitcoin has become more popupar and so does the number of transactions.  An incress in fees will supplement the halving reward of bitcoin in some extent.

the doubling in capacity segwit provides = 2 X the fees once TX volume starts hitting that new 2MB limit,  and then fee go up... miners will be alright... eventually there will most likely be yet another doubling of the blocksize to 4MB, maybe devs will end up doubling it every halving?? who knows...