Quote from: pönde on December 15, 2017, 08:21:42 PM

Quote from: Surging Chaos on December 15, 2017, 07:13:55 PM

You do know about bulletproofs cutting tx fees by 80% in the next few months, right?

All of the alts are actively working on ways (or already have) to reduce fees and increase scaling. The only crypto that isn't doing anything about it is BTC.

I actually had not thought that bulletproof will decrease the fees also. Will it? But significant is, that it will decrease the transaction size. That is really something.

Probably bulletproof will happen at autumn 2018.

Bulletproofs likely to be in the Q1 2018 upgrade. Not only do they reduce transaction size by 80%, but transaction fees as well, AND the whole process is faster.

Tx fees going from under a buck to under a quarter is alright, I guess. /s

Quote from: hoertest on December 15, 2017, 06:58:39 PM

I was very bullish about Monero for q1 and 2 2018, but i didn't have the current fee situation in mind, and this WILL become a problem if its not solved rather quickly. Crypto will accelerate in 2018 we have seen nothing yet and if monero gets to expensive to use just telling people wait for lightning won't cut it. No matter how good the privacy is. i think the community here underestimates the problem of expensive transactions.

Current fee situation is really not bad, if you choose to pay the lower fees. If you choose higher fees, then that is of course up to you. Privacy costs a premium, but a very modest one. Currently a typical simple transaction is under a dollar, if you choose the minimal fee. With no backlog of tx to process, the lowest fee usually puts you in the next block or two. Soon, the default fee will be under a dollar, and the cheap seats will go for far less - see above.