Quote from: jseverson on December 21, 2017, 08:18:44 AM

Quote from: freightjoe on December 21, 2017, 07:44:56 AM

Look at it with clear and open eyes.

We now have people in here paying 60-88USD transaction fees, and are still not sure to get the transactions confirmed.

This is because the miners now know that the collapse is close. Therefore for them to make as much money as possible the fees become extremely high. They win on this two times:

Partly because the BTC investors have to pay astronomical fees

Partly - and more importantly - all the small BTC investors simply cannot pay these fees without losing their whole investment.

Small BTC investors are therefore now becoming "locked" and cannot get out while the miners try to get their profits up as much as possible before the collapse.

Think about it - if the miners truly believed this would continue, they would not destroy the system by increasing fees so much. But they know the collapse is coming, and are now cashing out while trapping the smaller investors.

GTHO

Miners have absolutely no control over the fees. It's natural market behavior. Lots of people need confirmations, and miners can only give a limited amount. Hence, the price for confirmations go up. It turns into a bidding war.

There is no conspiracy here. If anything, this tells us there's more demand than the network can handle, but that's also bad. This has been expected, which is why Bitcoin Cash was born, and why Segwit2x was planned. The scaling problem was bound to materialize eventually, and it already has, but fixes are already on the way. Hopefully sooner rather than later.

What ? they are surely making the congestion doing zero fee transactions, were have you been the last month ?