Quote from: tradulant on December 12, 2017, 10:17:26 AM

Hey,
what is the current status regarding the transaction cost problem?
Is the team working on a solution?

Yes this is a major problem on BTC and has put me off using the coins when the cost can be over $20 per transaction and at the start of the year the cost was
something like $0.00001 and the miners should take profit by mining new coins and competing to add new blocks the the block-chain.

Unlike 99% of people I am not a big fan of the block chain because it's too slow and complicated to stop double spending when you have to process and check
history on all the inputs to a transaction in a database that is already 200gb in size and have all the energy and GPU power being wasted as machine compete
with each other to find out who is fastest at counting grains of sand to win a prize for the miners.

Cost something like 120KWH of electric just to confirm a single transaction so yes the block chain solves one problem and made ten more as I see it