How can you ridicule or rundown Bitcoin as useless because there's increase in transaction fees. I thought increase in transaction fees is directly proportional to increase in Bitcoin value or prices so why badmouth it in the first place? It is never useless and has never been to some of us.
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I thought increase in transaction fees is directly proportional to increase in Bitcoin value or prices
False, for the n time.. there is no link between the tx fee and the price of bitcoin.
Bitcoin could reach 100k but if there are no transactions or under 200k /day you could still send payments with 1 satoshi per kb.(and get confirmed)
Also, even if the price drops back to 1000 but we experience 10x more transactions get ready for fees up to 3$ for input
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