Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Excessive Bitcoin fees
by
we-btc
on 12/04/2024, 15:54:08 UTC
⭐ Merited by snerd (1)
I'm a bit confused about what you trying to say but Bitcoin will never become centralized because Satoshi made Bitcoin for decentralization.

If the fees are rising it's just temporary there is something going on that is why you see transaction fees rise just like today because the price touched above $50k that is why people right now panic to move their BTC to the exchange before it drops and make a profit.

What makes Bitcoin Decentralized?  Nodes? Nodes are not currently making decisions about the network.  Who is?

What are the developers, who are making the decisions about the network(decentralized?) doing to fix this problem?  They are adding Inscriptions and Runes to the network which is increasing the size of the block and increasing fees.

How well is the network going to work with fees at $15 to $30 US dollars per transaction?

Bitcoin has been turned into a centralized TradFi investment for the wealthy.  The exact opposite of what it was intended to be. It was intended to be a decentralized, peer-to-peer form of electronic cash.

Any chance we could get this ship moving in the right direction?

Does anyone care?