What happens if devs increase the block size? Won't it cause the transaction price to drop?
transactions will be much faster and wont be congested anymore. itll also help to lessen the transaction fee.
Topic: bitcoin fees will NEVER come down - page 9. (Read 1133 times)
it will never come down as long as bitcoin is still on 20 to 19 thousand level. that is why it is not really recomended to use bitcoin on a regular basis if your only going to use it to spam the network with lower transaction fees , however some people these days are now using other coins as alternative to bitcoin when sending payments such a litecoin and bitcoincash because these alts are indeed much better and faster plus it doesnt requires you pay expensive fee for every transaction.
transactions will be much faster and wont be congested anymore. itll also help to lessen the transaction fee.
transactions will be much faster and wont be congested anymore. itll also help to lessen the transaction fee.
What happens if devs increase the block size? Won't it cause the transaction price to drop?
When come to greedy all human fell prey to it. Of course that the fee won´t go up forever but they will be stable enough to prevent bitcoin become a small transaction mainstream, other coins will have to do the job as bitcoin becomes more store of value and high transaction. This fact also may probably halt its growing power stabilizing the price as other coins with a faster transaction and lower fees become more popular and mainstream. There is also the danger of migration of power of mining to other popular coins which might affect the price of bitcoin down the road.
This is just how the world works. Bitcoin became a "Store of Value" Rather than a "Way of transacting" now. They have a choice to increase the block size for transactions to be faster, but they never did. Well, I guess you better find another coin if you want faster transactions.
Actually it was done, the new BTC is BCH and it is fast and has cheap transactions.
Everyone with BTC before the fork was given equal value in BCH in wallets, so now the choice is yours, use BCH to move smalls transactions fast and cheap and use BTC for storage of wealth or sell off BTC and go balls deep into BCH.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coins, there's a short term window to make boats loads of money in alt currency, but long run IMO BTC and BCH are the only coins that will be of value 5+ years, in the meantime it's all good.
Same shit differnt name. I came in mid august so no, I didn't get any BCH ..
Well you are very late to the party and while the long term outlook for BTC is still good according to most with vested financial reasons to stay bullish, the reality is BCH is doing what BTC was designed to do in the original white paper of Sataoshi, do virtual low dollar transactions for almost nothing quickly, somehow TPTB that run the core forgot what the original paper stated was the goal, inexpensive virtual transactions for inexpensive things.
Some where from 2008 until now that direction WAS LOST until the fork happened, now we have a new Bitcoin on track with the original intent of the white paper, and everyone before August with BTC has equal coins in BCH, some dumped it early and many are holding some pretty bright pioneers are dumping BTC and saying their future will be BCH, others say the only path is BTC.
I like the idea of two coins, one for fast cheap transactions and one for store value.
Both are holds for the next few years IMO.
After 2020, who knows.
Sure BCH is probably a good investment, but if you're talking about a purely p2p cash system then BCH already failed because people are holding it instead of spending it.
You're talking about investing not what can I pay with properly and there BCH takes the coffee but it doesn't get used for that.
This is just how the world works. Bitcoin became a "Store of Value" Rather than a "Way of transacting" now. They have a choice to increase the block size for transactions to be faster, but they never did. Well, I guess you better find another coin if you want faster transactions.
Actually it was done, the new BTC is BCH and it is fast and has cheap transactions.
Everyone with BTC before the fork was given equal value in BCH in wallets, so now the choice is yours, use BCH to move smalls transactions fast and cheap and use BTC for storage of wealth or sell off BTC and go balls deep into BCH.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coins, there's a short term window to make boats loads of money in alt currency, but long run IMO BTC and BCH are the only coins that will be of value 5+ years, in the meantime it's all good.
Same shit differnt name. I came in mid august so no, I didn't get any BCH ..
Well you are very late to the party and while the long term outlook for BTC is still good according to most with vested financial reasons to stay bullish, the reality is BCH is doing what BTC was designed to do in the original white paper of Sataoshi, do virtual low dollar transactions for almost nothing quickly, somehow TPTB that run the core forgot what the original paper stated was the goal, inexpensive virtual transactions for inexpensive things.
Some where from 2008 until now that direction WAS LOST until the fork happened, now we have a new Bitcoin on track with the original intent of the white paper, and everyone before August with BTC has equal coins in BCH, some dumped it early and many are holding some pretty bright pioneers are dumping BTC and saying their future will be BCH, others say the only path is BTC.
I like the idea of two coins, one for fast cheap transactions and one for store value.
Both are holds for the next few years IMO.
After 2020, who knows.
I don't know, fees should fluctuate with volume right? Currently we are seeing mass adoption so its no surprise that the network is overloaded. Unless someone is spamming again, like what bitmain did before for political reasons. But with the surge of interest, and availability of good alt coins, no one would be stupid enough to encourage people to flee to other coins would they? Who knows, it takes all kinds I guess.
This is just how the world works. Bitcoin became a "Store of Value" Rather than a "Way of transacting" now. They have a choice to increase the block size for transactions to be faster, but they never did. Well, I guess you better find another coin if you want faster transactions.
Actually it was done, the new BTC is BCH and it is fast and has cheap transactions.
Everyone with BTC before the fork was given equal value in BCH in wallets, so now the choice is yours, use BCH to move smalls transactions fast and cheap and use BTC for storage of wealth or sell off BTC and go balls deep into BCH.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coins, there's a short term window to make boats loads of money in alt currency, but long run IMO BTC and BCH are the only coins that will be of value 5+ years, in the meantime it's all good.
Same shit differnt name. I came in mid august so no, I didn't get any BCH ..
Everyone with BTC before the fork was given equal value in BCH in wallets, so now the choice is yours, use BCH to move smalls transactions fast and cheap and use BTC for storage of wealth or sell off BTC and go balls deep into BCH.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coins, there's a short term window to make boats loads of money in alt currency, but long run IMO BTC and BCH are the only coins that will be of value 5+ years, in the meantime it's all good.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coins, there's a short term window to make boats loads of money in alt currency, but long run IMO BTC and BCH are the only coins that will be of value 5+ years, in the meantime it's all good.
That was now nearly half a year ago. The BCH advocates telling BTC holders that they have nothing to lose if it flips are now leaving out a shit ton of people who arrived since.
This is just how the world works. Bitcoin became a "Store of Value" Rather than a "Way of transacting" now. They have a choice to increase the block size for transactions to be faster, but they never did. Well, I guess you better find another coin if you want faster transactions.
Still need to be able to transact for it to work as a store of value..
This is just how the world works. Bitcoin became a "Store of Value" Rather than a "Way of transacting" now. They have a choice to increase the block size for transactions to be faster, but they never did. Well, I guess you better find another coin if you want faster transactions.
Actually it was done, the new BTC is BCH and it is fast and has cheap transactions.
Everyone with BTC before the fork was given equal value in BCH in wallets, so now the choice is yours, use BCH to move smalls transactions fast and cheap and use BTC for storage of wealth or sell off BTC and go balls deep into BCH.
I have both but my coins are all BCH, and a nice amount of BTC was liquidated into BCH and even a few new coins, there's a short term window to make boats loads of money in alt currency, but long run IMO BTC and BCH are the only coins that will be of value 5+ years, in the meantime it's all good.
It's an interesting possibility, but unless no one but fat cats piles in I don't think this particular fee situation will be tolerated for eternity.
I use BTC a fair bit for buying stuff. If it remained this impractical a reasonable chunk would head to a currency that was actually usable. If enough people do that, and there aren't actually very many who do spend with it, then it would be felt in the miner's pocket book sooner and later would look pretty messy.
I use BTC a fair bit for buying stuff. If it remained this impractical a reasonable chunk would head to a currency that was actually usable. If enough people do that, and there aren't actually very many who do spend with it, then it would be felt in the miner's pocket book sooner and later would look pretty messy.
This is just how the world works. Bitcoin became a "Store of Value" Rather than a "Way of transacting" now. They have a choice to increase the block size for transactions to be faster, but they never did. Well, I guess you better find another coin if you want faster transactions.
In the new era of civilization the bitcoin fees will never come down in a section of trading or other purpose where the bitcoin value is much importent for the future development for anyone.
think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
yes.. as i heard in many bitcoin users bitcoin fees will never go down it will become higher and higher so if you want to have a good success you have to earn more bitcoin now for better.. It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.
Jump to: