Topic: bitcoin fees have quadrupled, and this is just the beginning - page 4. (Read 3605 times)
Earth to jonald fyookball: infinity isn't real, do you read me, jonald fyookball
legendary
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https://blockchain.info/charts/transaction-fees
For much of 2016, fees in total were < 50 BTC/day. Now, they are over 200.
(that's a 4x increase, not even factoring in the increased bitcoin price!)
For the dumbasses who wanted a "fee market", you got it.
It will only get worse from here.
Hint: Unless bandwidth increases, fees will rise to be the same as other alternatives
like paypal,moneygram ,etc, which will destroy the incentive for people
to adopt bitcoin.
For much of 2016, fees in total were < 50 BTC/day. Now, they are over 200.
(that's a 4x increase, not even factoring in the increased bitcoin price!)
For the dumbasses who wanted a "fee market", you got it.
It will only get worse from here.
Hint: Unless bandwidth increases, fees will rise to be the same as other alternatives
like paypal,moneygram ,etc, which will destroy the incentive for people
to adopt bitcoin.
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