Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin broken?
by
Cryptosaint$
on 04/01/2018, 06:24:08 UTC
as regards the high fees at present, I thought the idea of bitcoin was to use in place of dollar(whatever).
How can I buy something for 10 dollars and pay more than the value of the transaction in costs, people will not stand for it.
Something has to alter, and very fast, people once bitten will shy away.
In another thread people are saying wait, the fees will come down, do they really think so?
Once miners get used to high fees they will not give them up willingly.
The argument that the bitcoin value has gone up, so fees must go up is wrong, sending 10 dollars worth of bitcoin is sending 10 dollars worth of bitcoin, whether the value of 1 bitcoin is 200 or 20000.


This is why Altcoins exist. Ethereum or other alts offer a much better transaction/currency application.

BTC is currently like the old clunky computers back in the 70s that used to take up entire rooms, but in retrospect had the processing power of a 1998 nintendo gameboy.