Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transasction time and fees - What are the solutions ?
by
iamTom123
on 22/05/2017, 04:32:59 UTC
Well, there are options on the table like SegWit < temporary relief > and then Lightning Network < permanent solution > that has to be accepted by the people that are running the Bitcoin software. < Full nodes > Fortunately for us, Satoshi has built in a CONSENSUS system that prevents "bad" people from implementing "bad" code without the consensus from the Bitcoin community and this is currently in process. < They need to decide what solution are the best and signal for the change to be implemented >

To complicate things, Bitcoin Unlimited has also added their suggestion to solve the problem and people now have more options to chose from. ^grrrrrr^ Too many options complicates decision making and slows down the process, and this is possibly a strategy to cripple Bitcoin or to slow it down. < just my own opinion >

What is happening right now is that there remains top be no consensus as to what the solution to be adopted. There is no such a hurry because the problem is benefiting them immensely. This is a situation where you are facing a big problem and you are earning big money because you are not doing anything about it. A very bad situation for us common users of Bitcoin because they are passing the burden to us as things are almost the same as a bidding auction. They must decide as soon as possible.