Quote from: AngelSky on November 26, 2017, 04:43:28 PM

Quote from: Thekool1s on November 26, 2017, 01:58:06 PM

Quote from: orkoso on November 26, 2017, 01:39:50 PM

Hi, Do you think is tehre any interest to reduce the transaction fees for bitcoin? Many alts are focusing on speed and low fees while bitcoin has made little effort.

Well segwit has already technically reduced the fee in half and there is a plan to implement the lightning network in the future so saying bitcoin hasn't made any progress in terms of solving this issue is totally wrong. You can use 30 to 50 sat/byte and use transaction accelerators to get fast confirmations. Also people need to stop associating bitcoin as a perfect solution. Think of bitcoin as the first computer, it wasn't fast but it was the first step towards the right direction.

Segwit is been taken in bitcoin to increase the block size and due to that number of confirmations will be increased so fees amount you afford for the each transaction will be reduced too.
However, if you use any desktop wallet means you will be able to change the transaction fees and I mean modifiedable and can reduce fees but I am sure that you transactions will be reach in some hours.

Today I transfer my bitcoin to my other wallet and it seems very fast and fee's I used is "within the next 10" blocks and I don't have any complains though about the fees. Of course the higher the fees, the faster your transaction can be pick up by the miners. Yes, there is only a planned to integrate LN but I'm not sure when it is going to be implemented.

As for the alts very fast and focusing speed, maybe they are quick because their network is not yet saturated and the blocks are not even filled in, unlike bitcoin that the blocks and mempool are always full and clogged. Its not that bitcoin has made little effort, the community hasn't made any real consensus because of many factor, like political bickering amongst them.