Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Topic OP
Will bitcoin transaction fees be too high in the future?
by
BlackHatCoiner
on 16/09/2020, 12:29:17 UTC
⭐ Merited by OgNasty (1)
This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Right now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much.