Topic: Will Bitcoin follow the same path? - page 2. (Read 1660 times)
It may be difficult to change bank and it may be even more difficult to escape those fees if every bank does it, however escaping bitcoin fees is really, really easy.
The Blockstream guys are pushing for technologies where transaction fees on nodes might end up like this,
http://fox40.com/2017/02/22/big-banks-rack-up-6-4-billion-in-atm-and-overdraft-fees/
The combined fees of these banks works out to $25 in fees annually for every adult American.
This is definitely not the solution for third world countries, if we go that way.
The latest spam attacks are causing fee spikes and massive delays in transaction confirmations for people paying the recommended minimum fees. < I guess if everyone is paying the higher recommended fees, then nobody will jump the queue, because there are just that much space in every block >
So while Blockstream is waiting for consensus for SegWit and miners are profiting from these higher fees, the customer has to be satisfied with poor performance and high fees. ^hmmmmmm^
How many new adopters were faced with these challenges and decided to dump this technology, due to this situation?
Yes, the banks are raping us with high fees, but is Bitcoin doing anything better at the moment?
http://fox40.com/2017/02/22/big-banks-rack-up-6-4-billion-in-atm-and-overdraft-fees/
The combined fees of these banks works out to $25 in fees annually for every adult American.
This is definitely not the solution for third world countries, if we go that way. The latest spam attacks are causing fee spikes and massive delays in transaction confirmations for people paying the recommended minimum fees. < I guess if everyone is paying the higher recommended fees, then nobody will jump the queue, because there are just that much space in every block >
So while Blockstream is waiting for consensus for SegWit and miners are profiting from these higher fees, the customer has to be satisfied with poor performance and high fees. ^hmmmmmm^
How many new adopters were faced with these challenges and decided to dump this technology, due to this situation?
Yes, the banks are raping us with high fees, but is Bitcoin doing anything better at the moment?
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