Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin transaction fees fair?
by
mornabo
on 27/04/2017, 05:47:31 UTC
For me this is no big problem, since the primary use for me is storage of value, but high fees will certainly affect people who need to make transactions on a daily basis.
Doesn't matter that much if the transaction done less than 20 in daily basis, he's only spending few dollars worth for sending money everywhere, compare it when you're using western union
No, it does matter, what if you want to buy coffee with bitcoins, you will have t pay way more transaction fees as compared to the the price of one cup of coffee.
So yup, it's a bit unfair, that the fees is increasing day by day and we are unable to do anything to get rid of this problem, it only depends on the decision of miners.
Really what you say dude that the current transaction fee in bitcoin is getting bigger day by day. If you use a 10k satoshi fee i'm sure the miners will confirm your transaction in a very long time lol. of course you don't want to buy a coffee with bitcoin then use 0k satoshi fee and you'll get that coffee the next day because of the length of the confirmation process right? Lol