The solution is to pay a higher transaction fee or wait a very long time for confirmation.
If you don't like those options, then don't use bitcoin.
This is how the free market works.
As the fees get more expensive, less people will use bitcoin. Eventually the fees are high enough that the number of transactions willing to pay that fee are the same as the amount of space available in a block. Then there is no longer a backlog and the fees stabilize at that price.
It is quite possible that this will eventually result in bitcoin only being used for VERY high value transactions. If you need to move $10,000,000 from one country to another in less than an hour, then you'll be happy to pay a $100 transaction fee. Meanwhile those that are moving less than $1000 will not be willing to pay a $100 transaction fee. Therefore, Bitcoin will be ONLY for the very wealthy to move very large amounts of money. Perhaps ONLY banks and multi-national corporations will be using Bitcoin in 10 or 15 years.
Have to admit that the current currency transfer cost is higher and higher, if for small transfers, almost all quick can't afford the transfer fees, especially if set low transfer fees, it could wait for a few days to turn out.The S2X should be a very ideal transfer solution, unfortunately.If you don't like those options, then don't use bitcoin.
This is how the free market works.
As the fees get more expensive, less people will use bitcoin. Eventually the fees are high enough that the number of transactions willing to pay that fee are the same as the amount of space available in a block. Then there is no longer a backlog and the fees stabilize at that price.
It is quite possible that this will eventually result in bitcoin only being used for VERY high value transactions. If you need to move $10,000,000 from one country to another in less than an hour, then you'll be happy to pay a $100 transaction fee. Meanwhile those that are moving less than $1000 will not be willing to pay a $100 transaction fee. Therefore, Bitcoin will be ONLY for the very wealthy to move very large amounts of money. Perhaps ONLY banks and multi-national corporations will be using Bitcoin in 10 or 15 years.
