Core devs openly saying you should just use fiat instead if the fee's are too high for you.
Amazing. What leadership. What people. True cypherpunks, that lot.
Don't worry guys, I'm sure segwit will fix all our problems soon, and these $10-20 w/d fees will go away soon..
Amazing. What leadership. What people. True cypherpunks, that lot.
Don't worry guys, I'm sure segwit will fix all our problems soon, and these $10-20 w/d fees will go away soon..
The sad thing about the current fee level is that many "dust balances" can not be spend at all.
I read about a guy that regularly bough 10 $ worth of BTC every week and sent them to his personal wallet.
If he decides to transfer these BTC out of his wallet now, he will have to pay a ridiculously high
fee because his transaction would combine so many small balances.
Besides, the higher fees make certain use cases of Bitcoin completely unfeasible:
-tip bots
-micropayments
-small transactions, which depend on fast confirmations in the next 1-2 blocks
...
I really hope that some of the 2nd layer solutions will allow some of these use cases to become
feasible again
