Post
Topic
Board Bitcoin Discussion
Re: big transaction fee in Bitcoin , really down the future of btc ?
by
LeGaulois
on 11/06/2017, 13:40:54 UTC
I agree with you that big transaction fees became huge problem for bitcoin.
Before several months I didn't even think about it.
I will simple send btc and accept recommended transaction fee.
When I had to wait 3-4 days for confirmation, I realized how big problem we have in btc network.
I really think that some people may give up btc and invest in other crypto currencies if we don't find solution here.
In such scenario, some other crypto currency can replace btc so hopefully we will see some resolution soon.
What makes it so impossible for people to wait like 4 hours for a certain Bitcoin transaction to receive a confirmation? I guess that people don't really know that they can spend Bitcoin with a very low transaction like 0.0001 BTC and have their transaction confirmed within 4 hours if they accelerate it.

Maybe people don't really send Bitcoin other than just paying someone money, I am sure if they do a few test transaction spending then they would see that they can send payments with a small fee.

Depending what you are doing but 4 hours in not an acceptable time frame. When you say "if they accelerate it" are you talking about service like ViaBTC tool? Then there is nothing funny to use bitcoin is we have to use an external tool to get a decent confirmation time. It's like telling to your bank I you want you can use my laptop power to make the bank transfer faster. I dont know any other tool than ViaBTC, but once or twice i tried to see and always busy because their hourly limit was reached. If on the top of that such tool are always busy that you can't use, it is very very less funny