Post
Topic
Board Bitcoin Discussion
Re: The fees are crazy, 420 satoshis/byte, WHY?
by
BitcoinPanther
on 17/05/2017, 22:07:31 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?


Core developers must be focused on this issue, 200k unconfirmed transaction base here https://blockchain.info/unconfirmed-transactions is really intimidating.
And maybe before the price reach 2k, the price will be more than 500 satoshis/byte to get faster confirmation. And of course, Fees will be more high and higher until... I don't know what will happen soon.
 

I think they are and they are aware of this all, but they cannot implement a fix when the majority of miners do not vote for the fix they are offering.  They need 95% of consensus, so what else they will do if the consensus is not reached.  They cannot do a thing that does not have consensus so why other people blame them?