How Can I Pay Lower Bitcoin Transaction Fee and Not Get Stuck? - page 2.

ABCbits

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Quote from: LoyceV on December 30, 2023, 03:48:07 AM

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2. How do I circumvent high fees?

Don't collect small Bitcoin inputs, use Segwit, and if possible use LN.

Using Bitcoin sidechain (such as Liquid or Rootstock) also works, but it's hard to find other people who use Bitcoin on any of those sidechain.

Quote from: LoyceV on December 30, 2023, 03:48:07 AM

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3. Why aren't developers tweaking the Bitcoin blockchain code to accommodate millions of transaction like Solana and BNB?

I don't know Solana but BNB is a centralized shitcoin made up by a rich guy. A centralized database can't be compared to a decentralized blockchain.

Solana also centralized and some people know Solana as coin that frequently going down.

Plaguedeath

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Quote from: promise444c5 on December 30, 2023, 03:57:27 AM

I guess the LN is Lightning Node, which of the lightning nodes wallet is easier to grasp as a beginner either custodia or noncustodial??

Custodial is always the easy way to use since you only need to creating an account and it's ready to use.

While non custodial needs you to open a new channel, fund it etc that looks more technical.

But it we talk about security, non custodial is always secure than the custodial one. In custodial, you're relying on someone else channel, if the owner want to close the channel, you will lose your coins.

promise444c5

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Quote from: LoyceV on December 30, 2023, 03:48:07 AM

Quote

2. How do I circumvent high fees?

Don't collect small Bitcoin inputs, use Segwit, and if possible use LN.

I guess the LN is Lightning Node, which of the lightning nodes wallet is easier to grasp as a beginner either custodia or noncustodial??

SquirrelJulietGarden

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Quote from: LoyceV on December 30, 2023, 03:48:07 AM

BNB is a centralized shitcoin made up by a rich guy. A centralized database can't be compared to a decentralized blockchain.

Binance Smart Chain is a centralized blockchain and their team can halt it anytime.

Binance Smart Chain Halted Over 'Potential Exploit,' $100 Million Taken Off Chain. This is one of their BSC halts, not the only halt so far.

Quote from: OddJobsForBitcoin on December 30, 2023, 03:27:28 AM

1. Why is BTC fee high?

Network, mempool capacity to handle pending transactions are limited and demand recently surges a lot, with biggest spam contributions from Ordinals.

Ordinal analysis
Ordinals

LoyceV

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Quote from: OddJobsForBitcoin on December 30, 2023, 03:27:28 AM

1. Why is BTC fee high?

It's a free market, and the highest bidder wins.

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2. How do I circumvent high fees?

Don't collect small Bitcoin inputs, use Segwit, and if possible use LN.

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3. Why aren't developers tweaking the Bitcoin blockchain code to accommodate millions of transaction like Solana and BNB?

I don't know Solana but BNB is a centralized shitcoin made up by a rich guy. A centralized database can't be compared to a decentralized blockchain.

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4. How Can I Pay Lower Bitcoin Transaction Fee and Not Get Stuck?

You can't.

OddJobsForBitcoin

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Can somebody explain why mining fees are rocketing? Everyone is blaming Ordinals and BTC block size. Why can't the developers do something about it? Must Bitcoin core remain close to what Satoshi envisaged? I've asked a number of questions already so let's get some answers.

1. Why is BTC fee high?

2. How do I circumvent high fees?

3. Why aren't developers tweaking the Bitcoin blockchain code to accommodate millions of transaction like Solana and BNB? This would ven make people feel comfortable using BTC as a payment instrument instead of mainly speculative, keeping big players like Blockrock less interested and giving small players like us time to buy.

4. How Can I Pay Lower Bitcoin Transaction Fee and Not Get Stuck?

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