I just sent 0.02 a while ago and the fee was almost a dollar. The transaction did not take too long to be confirmed actually and was pleasantly surprised that it got through sooner than I expected.
That doesn't tell us anything really. The important metric is the used/required fee-rate in satoshis/byte.
Now that the fees are increasing, I think I'll just keep my transactions to a minimum and hold for a while to see if there will be changes in the fees in the coming months because at the rate things are going, the fees are just going to continue to rise due to the increasing number of transactions we see everyday.
The demand is just so big that the network can't handle it. This didn't affect the frequency of my transacting although you technically also help with the congestion by minimizing TXs during such times.
Every single altcoin will face the same issues. It looks like people can't grasp the reality that fleeing to an altcoin != solution. It equals to shifting the problem from location A to location B. The scamcoins like ETH, Dash, et. al are another story.
You are right! The other coins will also have to face the same problems to a certain extent.
Actually, coins like ETH and XMR will face even bigger scalability issues. I think the case is the same for Dash, but I need to look into that first.
Dude dont worry so much about unconfirmed transactions.it sometimes happen that due to heavy traffic it does not get it done and its the main disadvantage of using bitcoins .
Stop shitposting.
Long Term Solution is to adopt Bitcoin Unlimited.
That is not a solution of any kind. Neither short nor long term. Since when did you sell yourself to become a BU shill?
