Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not serving its purpose ANYMORE transfer waiting 48hr even paid high
by
dothebeats
on 24/02/2021, 09:01:54 UTC
Wasn't the purpose of bitcoins fast money transfer with appropriate transfer fees?

It sure was one of the initial main selling points. Unfortunately(or fortunately?) bitcoin's adoption and price just grew a bit too fast for everyone to adjust. Layer 2 solutions such as Lightning are what's going to fix the speed and fee problem, but they're unfortunately not that ready yet. It's going to take time.

And it would be best if Layer 2 solutions, once available, would be viable for single-use. Else, it would be another problem that a lot of people would know that they have even if it isn't really one of their main concerns. I do have high hopes for LN, but at the current state of things it's really not viable, moreso sensible, to recommend it to people who just wants to make quick transfers and would probably not be doing any transfers in bitcoin any time sooner.