Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Transaction fees rise by 590 Percent.
by
Khaos77
on 30/07/2020, 18:19:46 UTC
Along with the increase in BTC price, transaction fees also spiked Embarrassed In recent days, bitcoin had a bullish rally which lifted prices above 11000 at the time of recording. The transaction fees of bitcoin also moved up to heights with a spike of nearly 590 percent. What is the reason behind this? Click to know more
https://coinpedia.org/news/bitcoin-transaction-fees-surges-590-percent-heres-what-can-help-it-save/

Flaw in Proof of Work coins Onchain transactions due to limited transaction capacity because bitcoin devs are working for bankers,
in the end they will be non-usable for the majority due to price increases in transaction fees.
Which will force you to use LN Banking 2.0 scam, where you again are the bankers slave.

Alternatives is using a Proof of Stake coin, staking can paid your transactions fees.
or
use a PoW coin with enough transaction capacity to be affordable at the moment,
in the end all PoW coins will be too expensive for the majority of the world's populace,
but at the moment litecoin and doge are still affordable.

But bitcoin onchain is literally designed kick out the poor and force them into LN.
Each year that passes this will become more apparent , even to the btc nutjobs.