Post
Topic
Board Bitcoin Discussion
Re: Excessive Bitcoin fees
by
ABCbits
on 27/02/2024, 12:13:00 UTC
It's February 26, 2024, and Bitcoin fees are high again. Didn't satoshi say we should always allow a certain number of free transactions?

Mining isn't charity activity, so don't expect miner or pool would do that. Besides, it's just suggestion and was never enforced by Bitcoin protocol.

What good is a cryptocurrency for the un-banked that costs more than a bank to use?

IMO if those people are unbanked not due to lack of money, Bitcoin still offer some advantage.

Why is the present status quo acceptable?

Personally i don't accept it, but Bitcoin community is on conservative side.