Post
Topic
Board Altcoin Discussion
Re: Bitcoin is useless so why high price?
by
Laland
on 25/01/2018, 07:09:34 UTC
Bitcoin is the father of all coins and with lightning network implementation coming soon, your question now should be why we need so many alt coin to perform similar function (like BCH, LTC and so on)

BTW, the transaction fee now drop to around USD$1.xx, time for bitcoin usage to fly...
Good point. Looks like op underestimates the potential of the king of the crypto world. I do realize that the current transaction fees and confirmation time when it comes to bitcoin is annoying and expensive sometimes, but this is only a temporary problem. The upcoming integration of the lightning network will help solve these problems to a large extent which is something many people fail to think about.

Also, I advise people to use segwit wallets to store their bitcoins which will further help alleviate these problems to an extent. I am currently using a segwit wallet and an happy with the confirmation time and transaction fees.

I think he still does not know how the updates are coming in the way. Off course  if transaction is slow, surely devs are making their ways to make the transaction fast. Not just in bitcoin but in other alt coin also. They cant just ignore problem just because they are profitting. It is a multi million dollar investment so we have to wait for the update. It is global so we cant expect instant fixes.