Post
Topic
Board Bitcoin Discussion
Re: The fees are crazy, 420 satoshis/byte, WHY?
by
The One
on 17/05/2017, 03:18:22 UTC
According to https://bitcoinfees.21.co/, it needs 420 satoshis/byte to get fast confirmations.  Anyone know why the fees are going higher and higher?



Because of Bitcoin Core developers incompetence.
This is unfair, the developers already developed a solution that they think will help alleviate this problem, but it has not gained traction with the miners, this is more an issue of politics and economic interests than an issue of technology.

Subjective.

Sorry this has been going on for over two years. The 1mb blocksize limit is the problem. In life when there is a stalemate, one simply change strategy to gain the best result. Being stubborn doesn't help at all.