Post
Topic
Board Speculation (Altcoins)
Re: Intelligent Masternodes?
by
GucciBoy
on 20/04/2020, 14:23:42 UTC
Base on the image provided it says that bitcoin transactions are expensive/high fees.

But if you are using electrum wallet, you can pay as low as 1 sat per transaction which can be confirmed within the next blocks. So, how can you say that it's a high fee if you're only paying for 1 sat. You can increase it if you want a little quicker.
As nice as that may be, people need Bitcoin transactions to be fast and cheap.
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems so people can buy actually buy coffee with Bitcoin and have it be as easy as paying with cash.

you did spoke my mind concerning the bitcoin speed of transactions. Just as we beckon on adoption. If the 8 billion people on earth massively adopt bitcoin, will btw still remain the primary mode of transactions in the digital sphere due to it slow network? We all saw what happened to ethereum at its peak some months ago

In late 2017 I tried to send $20 to a friend of mine, but had to pay a wooping $50 in fees to do so. BTC just doesn't scale properly, and NEEDS the Lightning Network to do so. Thinking otherwise is just being delusional at this point.