Re: I have NEVER seen Bitcoin in such a sorry state as this!!
I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community
Well that was me... the year before last... and then last year... and now it's become apparent to me that they are not going to "fix" this problem. Actually, they don't even think it is a problem. Ask Core and they will tell you higher and higher fees are a feature not a bug. Bitcoin (well BTC) is pricing itself out of existence as we type... 278,000 unconfirmed transactions and rising fast.
You might be right, but at the latest if people are switching to altcoins and price of bitcoin will drop over a long period of time, than these people will rethink their decision..
Bitcoin must adapt over time like everything else - only the strong survives!
By the way - it's a great time to buy bitcoin