Topic: Bitcoin Fee's too high? Lightning Network Will Resolve that? - page 2. (Read 314 times)
So if fees will remain high, the question is, are they currently too high for Bitcoin to maintain its utility, and as the price goes up and they rise further, at what point does Bitcoin become unusable?
The future is beyond the network of lightning. Shakhtors will not be able to withstand the community of bitcoins. If the bitcoin course falls, the miners will not be profitable to extract bitcoin.
Honestly, I haven't heard of lightning network before but any solution that provides more rational way for trade via bitcoin, it would be a good start for all of us. With these high fees, it's getting harder to make an investment also. If we want it to be use for trade, it would be better of having reasonable fees.
Listen my friend am completely with you,they should make it not so high.I mean some of the new bitcoin users will agree with me i think.But that`s not on us,its up to bitcoin to do it.So good luck wit this idea.
Bitcoin fees are becoming too high, will Lightning Network lower the cost of the transactions?
How will it be implemented?
How will it be implemented?
No one knows how it will be implemented because the major exchanges and mining pools are obviously going to be against the lightning network.
It can take months, even years to be implemented on the whole blockchain.
The fees are something very preocupant right now, no one is able to process a single transaction because of the outrageous fees that we have to pay at the moment, not even me.
Hi,
Bitcoin fees are becoming too high, will Lightning Network lower the cost of the transactions?
How will it be implemented?
I think this is normal, the higher the fee due to the Bitcoin price is too high and high transaction rates I think, Bitcoin fees are becoming too high, will Lightning Network lower the cost of the transactions?
How will it be implemented?
if the price continues to rise Bitcoin then the fee will certainly also rise..
They aren't too high in terms of % because in that case they are reasonable however they could always be lower and better. That is better for the end-user but not so good for the miners. Therefore we need to find a solution that keeps all parties happy and not only the one side.
To know more about it read this https://en.wikipedia.org/wiki/Lightning_Network
I honestly think its just part of Bitcoin rising, the higher it rises the higher the fees to get it fast and safely.
It's also on my mind that together with the increase of bitcoin's price, the fees are also included to it so that makes the fees expensive in our estimation.
Lightning will fix everything if you never want your bitcoins back/received. If your/businesses are fine loaning coins forever to the channel than it will solve everything.
Hubs will have no problem doing this for a fee. This will be centralized. So if litghning does work. Decentralizing gone and or your fine having your coins on loan forever.
Hubs will have no problem doing this for a fee. This will be centralized. So if litghning does work. Decentralizing gone and or your fine having your coins on loan forever.
I honestly think its just part of Bitcoin rising, the higher it rises the higher the fees to get it fast and safely. I have opted to go through services with low fees but it takes to long everytime and I profit a good amount from trading so I do not mind the fees! I obviously want the fees to be low as possible though, anyone would.
Hi,
Bitcoin fees are becoming too high, will Lightning Network lower the cost of the transactions?
How will it be implemented?
Bitcoin fees are becoming too high, will Lightning Network lower the cost of the transactions?
How will it be implemented?
Jump to: