Post
Topic
Board Economics
Re: Transaction demand will increase dramatically
by
BitcoinBulls
on 03/06/2014, 10:58:00 UTC
Each block currently only carries 0.1btc transaction fees, often less than that. That is only 0.4% of block reward. Miners are not going to care even if it fee doubles.

Big businesses accepting bitcoin will eventually take prices back to $1000 level. Hope it comes before end of the year.

Dish is expecting to start taking payments in Q3 of this year.  I would bet a number of huge brands will be watching closely to see what kind of revenue they generate and how smoothly transaction processing goes.