Post
Topic
Board Bitcoin Discussion
Re: What's going on? Bitcoin for the rich only?
by
Dread Pirate Roberts
on 23/04/2018, 23:43:45 UTC
Hi,

Even just a year ago bitcoin was useable... now the fees are about 10x what the banks charge. Seems like its changing from a peer-to-peer money system for everyone into yet another convenient way for rich people to exchange funds!

What went wrong> And more to the point, who is responsible? What can be done to fix it?
Thanks
Andy


Maybe you transact in an inappropriate time. I did a few months ago sending btc from a personal wallet with a fee of about $ 5 but now only about $ 1 and sometimes below that. so the miner fees now sometimes do like high.

but with the segwit wallet I think it's not a problem anymore