Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Excessive Bitcoin fees
by
franky1
on 13/02/2024, 06:23:59 UTC
⭐ Merited by fillippone (1)
The main problem when sending bitcoin with difference kinds of wallet are excessive Bitcoin fees, for small transaction will get difficult choose they have paid over $3 to $5 and some time could be large amount of fees have to sent.

imagine any auction
where bidding starts at $1
in any competitive bids. imagine if the auction house incremented the next bid by $5, with 10 SEPARATE bids the price hits $51
now imagine if the auction house incremented the next bid by $0.10 with 10 separate bids the price hits $2

lowering the increment bidders have to fight over allows more opportunity of priority without the fee going 50x