Post
Topic
Board Bitcoin Discussion
Re: What's going on? Bitcoin for the rich only?
by
wolfgang56
on 24/04/2018, 15:30:20 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
Bitcoin is for all if you look on the bigger picture but for now not all people can afford to buy bitcoin because it is too much pricey for some of them especially those poor people who live in a country where their cost of living is higher than the price of bitcoin.