We all know that recently, a huge backlog of transaction of at least 50,000 at any point of time.
And one of the solution is to increase the transaction fee. Which defeat the purpose of micro-transaction
with bitcoin.
Is this the miners fault alone? Who do you think need to step up to stop this madness
of increasing transaction fees?
What's your thought about it?
And one of the solution is to increase the transaction fee. Which defeat the purpose of micro-transaction
with bitcoin.
Is this the miners fault alone? Who do you think need to step up to stop this madness
of increasing transaction fees?
What's your thought about it?
Its defiantly not the miners fault, if anything is to blame it is bitcoins success. miners are well within their right to only select the top paying transactions for each block, this is what happens in an open, decentralised, and distributed network and its a good thing
remember bitcoin is an experiment we cant complain when that experiment takes a turn that we dont like. Use bitcoin how you like, if enough people agree that's what bitcoin will become.......Look some site there are some other solution to speedup transaction that i think it can help you to speed up confirmation
So you can pay for fee below the minimum price or fee..
You are missing the point here.... OP is asking who is to blame, and imo we should blame whomever is causing these spam attacks,
because their goal is to sabotage the network to force people to react in the way, they want them to react. If you were a miner and
you benefit from higher fees.. would you not want a situation where fees are bumped because of a backlog like this?