With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?
I would like to debate this and gauge the community's response to Bitcoin experiment.
Blame core with this I would like to debate this and gauge the community's response to Bitcoin experiment.
But just truth its really annoying that you're Transaction fee is greater than you sending amount. Mostly you pays 20%-40% only for the transaction fee especially if you are sending 0.005-.01 BTC and thats why its really expensive.
It simply doesn't add up
Developers (i.e. the Core team) don't get anything from insane fees, and yet we should blame them. How come really? Flooding the network with spam transactions costs literally millions, should we also blame the Core developers for that? As to me, it looks rather strange if not outright suspicious that it is miners who are earning profits from higher fees and can create millions of spam transactions without actually incurring expenses, but it is still the developers who should be blamed for all Bitcoin's current misfortunes