Post
Topic
Board Bitcoin Discussion
Re: ♨♨♨ Bitcoin Fees Are Outrageous ♨♨♨
by
Sithara007
on 11/12/2017, 14:59:13 UTC
90% of all bitcoin owners have less than 0.1 BTC each
you don't know that because "bitcoin owners" don't hold a flag telling the public how much bitcoin they own. all you saw is some stats on some website telling you how much each transaction output is worth and at least half of them are change addresses and the other half is the result of the spam attacks against bitcoin network.

Right now, there are around 50 million to 100 million Bitcoin users around the world. Let's say that the Bitcoins are distributed uniformly, which means that there is an average of BTC0.16 available to each user. This is the mean value. The median may be even lower and most probably somewhere around BTC0.001. Now considering that the average fees is around BTC0.0005, decide yourself whether the fees is high or not.