Post
Topic
Board Bitcoin Discussion
Re: bitcoin fees and how we accept its volatility
by
CryptopreneurBrainboss
on 05/01/2024, 21:47:06 UTC
from this it can be concluded that changing bitcoin fees should not be an obstacle to bitcoin adoption.  For those who transact Bitcoin with small amounts, it's a good idea to pay attention to the time because you will definitely find the best time to process your Bitcoin transactions.

The fees isn't an obstacle for Bitcoin adoption, irrespective of what the fees are Bitcoin will still have adopters. Remember it was the volatility that was the concern that doubters were pointing to that it'll discouraged the adoption of Bitcoin and when they saw that the adoption of Bitcoin wasn't slowing down, they have turned to the fees as the challenge that Bitcoin will have but that won't be an issue.

The fees weren't this bad untill the ordinals hype came around, but they won't last forever as the hype will die soon and the fees will return to normal. It's quite a good thing the ordinals hype came during this time as it shows how the network will be congested when bitcoin starts getting used more, if something isn't been done about the block size as the high fees will return.

We can't be living in denial that something shouldn't be done. A solution that won't make us go against the decentralization of Bitcoin and the network has to be proposed and accepted to keep things going. Segwit is trying but that's not the permanent solutions, the the poor adoption of the solution should send the signal that more is needed to be accepted by the community.