Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Issue That I Can't Wrap My Head Around
by
Charles-Tim
on 11/01/2022, 19:02:51 UTC
TLDR: Bitcoin will reach is cap of 21 Mil. Miners will have to resort to transaction fees as incentive for mining. Bitcoin community will ultimately agree to raise Bitcoin cap and inflation will become normalized for Bitcoin. This will solve high transaction fee issue but will lead to a slippery slope.
Exchanges and probably centralized wallets are give people the false sense that bitcoin fee is high, it is high but not high as withdrawal fee on exchanges. If the mempool has been so decongested for many months now, and now with 1 sat/vbyte that can get transaction confirmed, that is a small amount of fee, but exchanges will be charging 0.005 BTC or more when only 0.00005 BTC or less can be used.

I do not understand what you are trying to make comment about but I know it is absolutely not making sense. Never mind me. Everything about Bitcoin since its creation has been working, I do not know what brought this up. Transaction fee has been drastically replacing block reward and it is working fine up till now.