Re: Bitcoin seems dead as a currency. Be welcome to share your thoughts
Lol @ the Mr. Robot reference!
In a nutshell, you should consider creating a SegWit-enabled address and start using it to transact bitcoins. I've sent several super-low transaction fees for my past several payments, mainly to test the network... And they've all cleared within the first few blocks after initiating the transactions.
26sat/byte: https://blockchain.info/tx/c46fd90647cc0c1071339e2b09c1643b8574487c0cdd7014b34b4bf50068f76a
15sat/byte: https://blockchain.info/tx/1c925686d899759c0793ac51e75eb634f8dbfeb01b3628bfdfb55dfbed34ee6a
As SegWit-enabled wallets become more commonly adopted by Bitcoin users, it should help with the network congestion. While the effects are pretty minuscule now, I can only imagine what would happen if the large exchanges like Coinbase and Bitfinex and Binance were to implement SegWit wallets...
As far as how "dead" it is as a currency? I pay my rent monthly with Bitcoin. I top up my phone with Bitcoin. I purchase food at restaurants (locally here in Belize, of all places) with Bitcoin. I use it on a regular basis, so I don't know about you, but I'm using Bitcoin as it was originally intended. Yes, I absolutely believe that the fees can and should be lower, but I assure you that it is alive and well, my friend.
Oh, and welcome back to the forums. Congrats on your new find!
In a nutshell, you should consider creating a SegWit-enabled address and start using it to transact bitcoins. I've sent several super-low transaction fees for my past several payments, mainly to test the network... And they've all cleared within the first few blocks after initiating the transactions.
26sat/byte: https://blockchain.info/tx/c46fd90647cc0c1071339e2b09c1643b8574487c0cdd7014b34b4bf50068f76a
15sat/byte: https://blockchain.info/tx/1c925686d899759c0793ac51e75eb634f8dbfeb01b3628bfdfb55dfbed34ee6a
As SegWit-enabled wallets become more commonly adopted by Bitcoin users, it should help with the network congestion. While the effects are pretty minuscule now, I can only imagine what would happen if the large exchanges like Coinbase and Bitfinex and Binance were to implement SegWit wallets...
As far as how "dead" it is as a currency? I pay my rent monthly with Bitcoin. I top up my phone with Bitcoin. I purchase food at restaurants (locally here in Belize, of all places) with Bitcoin. I use it on a regular basis, so I don't know about you, but I'm using Bitcoin as it was originally intended. Yes, I absolutely believe that the fees can and should be lower, but I assure you that it is alive and well, my friend.
Oh, and welcome back to the forums. Congrats on your new find!