Hi, Do you think is tehre any interest to reduce the transaction fees for bitcoin? Many alts are focusing on speed and low fees while bitcoin has made little effort.
Well segwit has already technically reduced the fee in half and there is a plan to implement the lightning network in the future so saying bitcoin hasn't made any progress in terms of solving this issue is totally wrong. You can use 30 to 50 sat/byte and use transaction accelerators to get fast confirmations. Also people need to stop associating bitcoin as a perfect solution. Think of bitcoin as the first computer, it wasn't fast but it was the first step towards the right direction.
Segwit is been taken in bitcoin to increase the block size and due to that number of confirmations will be increased so fees amount you afford for the each transaction will be reduced too.
However, if you use any desktop wallet means you will be able to change the transaction fees and I mean modifiedable and can reduce fees but I am sure that you transactions will be reach in some hours.
There is surely a way of trading-off speed and fees, not that I am a technical expert in how, but having to wait for a few hours does not seem competitive with Alts. I think Bitcoin is not competing with forks, but with other coins.