Post
Topic
Board Bitcoin Discussion
Re: I don’t think bitcoin is now decentralized
by
mv1986
on 23/12/2023, 21:16:06 UTC
About 20+ days ago ,I sent a transaction with 5000sats fee.

20+ !

It hasn’t been confirmed yet!

Ok to pay more ,confirmed faster.

But isn’t it ok for pay less confirm slower?

The miners are too centralized,and a lot of dust trans was made every day.

From A to A with high fee rate! Why does this transaction exist?

I don’t think a normal man would make such a nonsense transaction.

Here are two sources I suggest you to read and then you will get an understanding of how the fees work. As has been mentioned here a couple of times, decentralization (or the lack of it) is not the problem here. At least not in the general sense.

Understand how transaction fees work and how the size of your transaction is calculated.

See the real-time price per byte.

If you are in the middle of congestion in a highway, many things and people could be blamed, but solving the problem sometimes has a very complex set of problems to be solved first! Wink Making the highway bigger perhaps means chopping some woods or using some meadows that are vital for agriculture. It is not an easy endeavor, but I agree that some development has to be done and I am sure it will.