Post
Topic
Board Bitcoin Discussion
Re: How high can the transaction fees become?
by
philipma1957
on 17/11/2023, 17:32:22 UTC
or recognize why it happens.

scrypt is the better algo for small sends.

both doge and ltc are dirt cheap to send coins .  and they do it quickly.

The mining algorithm has nothing to do with transaction fees.

yes it does.

sha-256 is setup to mine BTC. btc is 10 blocks an hour

scrypt is setup to merge mine 20 blocks of LTC an hour and 100 blocks of doge an hour.

So  room for 10 blocks of tx fees vs

room for 120 blocks of tx fees

both Algos have LN  service

So scrypt can do 12x the volume of btc

The fact you posted what you posted shows how deep the problem runs as you did not understand my concerns in the least or the reasons I keep writing this.

using btc via sha 256 for cash in small amounts is at a 12x disadvantage to using scrypt LTC/Doge

So rather then complain about high fees lets move on to proper use for

BTC
Large value movement of wealth
Large value storage of wealth

LTC/Doge
small value payments
small value storage.

The solution above would work . At least that is the way I see it.