Post
Topic
Board Bitcoin Discussion
Re: At what point will the backlog of unconfirmed transaction affect BTC price?
by
rick2718
on 19/05/2017, 16:48:22 UTC
>>At what point will the backlog of unconfirmed transaction affect BTC price?

I don't see how it can be a total non-issue, nor the logic that people don't really transfer them therefor
they don't suffer the problem first hand.  The transactions come from use by definition, no?

Investment in/deployment of  the underlying technology is sprouting like weeds. That inertia combined
with btc owning the top spot combined with pure speculation provides inertia to the price, but
multi-day waits and way-too-high fees will surely take a toll.

Market share loss has already been significant... but when, how high, and does a solution front-run
any serious damage?  No idea, but I'd like to know as well.