Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction fees are too high, obstacle for adoption and in general
by
LogitechMouse
on 04/06/2023, 07:54:17 UTC
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I see people paying USD 10 for an item, and then paying USD 30 in fee for the BTC transaction, and I realize that this is not sustainable. And its impossible for BTC to become a mainstream payment method if the price is increased with x3 when you buy something.
Who here wants to pay 30$ in transaction fees just to buy an item worth 10$?
This is the reason why Bitcoin will always be an alternative mode of payment, and not a main mode of payment. It's the fees which sometimes is really high like what happened a few weeks ago. Why pay using Bitcoin when you can use fiat to buy it?

Higher transaction fees = more exposure to Lightning Network. As transaction fees goes up, people will find an a better way to make Bitcoin transaction, and Lightning Network is the most recommended by others. You have 2 options though, either use LN, or use altcoins if you really want to pay using crypto.