Quote from: Yatsan on Today at 02:32:01 PM

Quote from: ranochigo on Today at 01:47:23 PM

Quote from: chrisvl on Today at 01:36:00 PM

Do you thing lighting network And segwit can solve bitcoin high fees problem ?? No can’t.

I never said they could...

Ideall the development of lightning network can really solve the high transaction fee problem, why? Transaction fees are generated computation on how the blockchain is being use, if it is under heavy use or the blocks are congested it will definitely raises the transaction fees, I'd like to call it competitive fees. So if Lightning network goes live all throughout, transaction will become faster that will result to fast and smoother transaction and will finally generate lower fees. No stoplight for heavy loaded transaction sizes.

Quote from: ranochigo on Today at 01:47:23 PM

You cannot deny that the capacity of the network has increased significantly from the past. Segwit has made transactions smaller and increased the theoretical total transactions per block. Lightning network has allowed for 2nd layer transactions. It has by no means stopped the high fees problem; adoption rate is way too low and its no silver bullet either.

As of now, the fee is approx. ~60 satoshi/byte for a reasonable timeframe which gives the total transaction fee of a normal transaction to be $0.50. Isn't that cheaper than a lot of the payment processors?

No, I think it's higher than that. I experienced depositing bitcoin to binance, basically the total includes the transaction fee so you'll know how much it worth when the exchange finally received it. I sent $20 for a quick future trade but then I only got $16.XX in my account. That's almost 1/5 of the fund that I sent, just look how bizarre the fees these days.

Aprx 0.00054 btc for a median tx size right now. A lot of people’s focus on yesterday fees and now fees we have focus farther to fix fee issue..