Quote from: ETFbitcoin on February 24, 2021, 11:52:19 AM

Quote from: Peter11kz on February 24, 2021, 11:12:56 AM

Can/should Bitcoin software be reconfigured to limit the # of miners to reduce the transaction wait time and transaction fees or does it already do that?

1. Bitcoin protocol cannot enforce who can mine and how many can mine
2. Transaction wait time & fees depends on many things, such as total unconfirmed transaction and transaction fee of the transaction itself
3. Bitcoin full node software (such as Bitcoin Core) can be configured only to set minimum transaction fee (currently it's 1 sat/vbyte) which will be broadcasted

Quote from: Peter11kz on February 24, 2021, 11:12:56 AM

In the news the carbon footprint of such high network usage is too high so the above would help reduce that? Huh

If your concern is carbon footprint, it's more efficient to ask government to do something about it.

Can the protocol be changed? What if changing the protocol solves the above 3 problems which are limiting bitcoin as a currency for regular transactions?