Post
Topic
Board Bitcoin Discussion
Re: Feature! Not a bug!
by
mobnepal
on 07/09/2017, 13:00:30 UTC
I totally believe that the democracy and decentralization is vital.  But I'm worried it may be the very undoing of the success of the chain.  How can bitcoin be a competitive currency option if it takes 8 hours and $800 to process a transaction?   Or will it just be a mechanism for storing significant wealth?
Both transparency and decentralization of bitcoin is not the cause of massive fee you might have to pay on fees these days and long time you might have to wait to get confirmation on those transactions.

Just wait for lightening network which will be activated in really near future after segwit which was activated few weeks ago.

Lightening network will allow almost free and instant bitcoin transactions within bitcoin network.