Quote from: Hatchy on Today at 12:09:42 AM

Is the high fee affecting the rate of adoption of Bitcoin?

Yes of course, and mostly the individual investors and businesses and in recent days after when the Central Bank of Nigeria unbanned Bitcoin I have seen many people that were interested to invest in Bitcoin and some of them wanted me to sell it to them but I could not pay the transaction fee and they could not pay the transaction fee so we left the deal. And when come to businesses customers can't pay the high fee to purchase their goods so fiat currencies were used to make the transaction. So the hike of the transaction fee affect the individuals and businesses more.

According to o_e_l_e_o the core issue of the transaction fee can't be removed

Quote from: o_e_l_e_o on Today at 08:51:06 AM

Quote from: Mate2237 on January 03, 2024, 08:23:12 PM

But I don't think this developers of Bitcoin are doing anything to douse this problem of high transaction fee because it has passed one month when the hike of fee started but nothing has been done to stop this problem

This has been discussed on the mailing list since as far back as January last year, when the first wave of ordinal spam hit the network. And it was rightly pointed out on the mailing list that banning this kind of data is technically impossible, as I've also said many times in this thread, since the spammers can just move their data to other parts of the transaction which are impossible to ban, such as embedding it with public keys themselves.

Quote from: Mate2237 on January 03, 2024, 08:23:12 PM

People have been waiting for this transaction fee to come down so they can withdraw their money

Have you considered your biggest issue is using centralized exchanges from which you have to withdraw "your" money in the first place? Why should we start censoring transactions and adversely affect the future security of the network because you didn't use bitcoin peer to peer but instead let a third party take ownership of your money and dictate fees to you?

Quote from: Abiky on January 04, 2024, 07:28:28 PM

Why were altcoins invented?

For 99.99% of altcoins, to make their creators rich.