Am I the only one realizing that ~$1 fee to make a transaction is absolutely insane and defeats one of the core benefits of using bitcoin for daily transactions.
This is getting insane and is completely uncalled for, or am I wrong?
I think the fees is not limited in the limit of 0.5$ to 1$ , here I found that the transaction fee needed to about 2$ ( according to the current price of the Bitcoin ) which is really high if we compare in the last two.weeks , because here with the transaction charge of 200+sat/byte is not much sufficient to confirm the transaction , Here in the normal condition we need to pay atleast 250sat/byte ( which will depend upon the numbers of the input and output of the amount of the Bitcoin that you want transfer ) .
And I think we should not go to back here to pay the high fee , because the high fee making the miners network and community strong by economically and that will be results into the improvement in the technology of the Bitcoin indirectly .
Well then we should support the fee increase if it is going to be good for the end user. The main feature of the Bitcoin for which most of the people love and adopt it is the faster transaction and lower fee. So, if the transactions are not faster anymore it will be discouraging situation for the users. If a little increase can give good results I appreciate.