Post
Topic
Board Bitcoin Discussion
Re: Egad. 81,000 + Transactions Unconfirmed. Again. Ugh!
by
Carlton Banks
on 27/02/2017, 23:01:10 UTC
Bitcoin fees should be pennies not dollars.  

If the BTC price keeps on increasing, fees must rise with it to keep the fees to pennies (0.001 BTC fee would be $10 at only $10,000 per BTC with 1MB blocksize).


You're going to have to admit, BU "scaling" doesn't scale up at all. Even a $20,000 price, which is a pretty modest medium term expectation, would cause untold problems. No-one seriously thinks that blocksizes big enough to give you your penny fees at those price levels is a sane direction to go in.