the fees are actually over $13 per transaction when you include the block reward! This averages out to only 0.5% of the total transaction volume which is pretty cheap for proven security.
small transactions are somewhat subsidizing larger ones because of the tx fees.. which i think is obviously terrible for the currency.
The fees seemingly need to be pegged to a USD amount, or at least the protocol should be aware of the value of USD, respective bitcoin. I say this not to extol the supremacy of the dollar, but to peg the fees to a reasonable marker. USD is ubiquitous and already somewhat of a global standard. I love bitcoin going to the moon, but it sucks that the fees had to come along too  This makes no sense. Bitcoin should not depend at all on any other currency. It should be self sufficient. |
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Stupidity, greed and stubbornness is a terrible combination. Unfortunately that is what the miners & developers are both showing with being unwilling to sit down together and get the scaling problem(s) fixed.
I am continuously amazed that such smart people don't understand that they are putting all of Bitcoin at risk, or certainly scaring off many new people with their silly antics to make a little moar money now at the expense of making much more later. They are all thinking like Goldman-Sachs banksters.
Ugh.
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Would SW and BU be compatible if both were implemented? Serious question, as I have no idea.
The problem isn't that miners and developers are greedy or stubborn. The fact that this became a problem with them is what shows a significant weakness in the system which must now be fixed. A weakness in bitcoin means a weakness for the miners and developers as well. If the fees become too much to bear, they will also lose out in the long run since the fees would mean less people using bitcoin, which means miners and developers get paid less, which leads to less development and solving of issues, and so on. |
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I think this is a good thing, I'm more glad bitcoin gold because if digital cash equal to store numbers, much but its worth a little because it is always exposed to inflation.
As of now bitcoin is more on being gold because it is not yet accepted to the stores as a payment method because it is not that popular yet and bitcoin is just getting popularity from this past few months and the few countries are just starting to notice bitcoin as a potential currency so this time, bitcoin is just like a gold but it will be like cash soon. Responses such as this really expose the flaws of this poll. By comparing bitcoin to gold and cash there must be some qualities of each that you must be talking about. Are we talking about exclusively gold as value storage and cash as a payment method? If so, then you are right about bitcoin becoming more like cash eventually but being like gold in the present. Your point about inflation does not really make much sense, however. Bitcoin is in limited supply while other currencies are not. Regular cash goes through inflation because of the currency it is part of, not because it is cash. That is also beside the point, given that those do not seem to be the qualities being discussed in this thread. |
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As someone who has been out of the bitcoin scene for a while and is just now coming back, is there any other reason besides change in price of BTC making transactions so expensive? Also, what is the popular consensus on proposals such as SegWit? I keep seeing a lot of controversy regarding it.
lack of block space. there isn't enough room to include all transactions, so the fee to get included in quickly goes up. and the number of waiting transactions just grows. as to segwit... yea, controversy. i don't think there really is a concensus. three sides, as i see it. those who want segwit, those who want bitcoin unlimited, and those who are sick of the debate entirely and want to just get on with something, anything, to solve the problem. oh, and subgroups of "anything BUT segwit" or "anything but BU!" of course too. Sorry to sound ignorant, but what exactly is BU? I have only ever heard of segwit when it comes to deciding for the future of bitcoin. What would make either side "win out" or be implemented over the other, assuming we eventually get to that point? Does it require a majority of miners or nodes to move forward with one option or such? Who would implement these proposals into the core? |
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People are waking up to the reality that the paper they have in their pockets called money is actually worthless and losing value all the time.
As the previous poster said, no government can stop the entire population from choosing their own form of currency to prevent themselves from being used, enslaved and ripped off by the ponsi commonly known as the monetary system.
Just my $0.02 worth...and we all know what that is worth...
Bitcoin users basically say what they want to hear or see, but this is a completely different reality. If you do not see the value in the paper that is confirmed by gold it's a stock of the country at what price you always see in Bitcoin, which really is the air. This is profitable, Well, then it will be when there is no electricity and no Internet To clarify, the dollar is no longer backed by gold. It is simply backed by the government's promise of its value. Now, what Tradesinc said is not really true. While the dollar is losing value, that is the effect of an inflationary currency and it is definitely not worthless. The backing of the government gives it a value that, as you all may notice, most everyone acknowledges. If it weren't so, then it would actually be worthless. Same goes for bitcoin being backed by its decentralization and the value people place on it. |
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As far as I know, if the transaction has already been broadcast and the fee that you included is good enough to be included in a block, you are out of luck. It is only a matter of time until the transaction gets confirmed, and you cannot stop that. The only way I see you recovering your bitcoin is if you contact the website owners as soon as possible and explain to them what happened.
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I see many people in this thread trying to say that the dollar will collapse in the near future without giving any solid reasoning as to why. The USD is quite strong, especially in relation to other currencies in countries such as Russia and China in which it is losing its value. Hell, even the euro saw a drop not too long ago, but nothing similar can be said about the dollar.
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As someone who has been out of the bitcoin scene for a while and is just now coming back, is there any other reason besides change in price of BTC making transactions so expensive? Also, what is the popular consensus on proposals such as SegWit? I keep seeing a lot of controversy regarding it.
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What even are these MSDN accounts for? I see them being sold alot here in these forums.
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I prefer Alcohol over weeds, you can stop alcohol anytime but you will addicted to weed if you start taking it
Actually, you can get addicted to both.  |
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Do you have anything for Adobe Cloud CC? If not, I could also consider CS6.
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Back and ready to go. The rules seem to have changed, but I still trust this more than any other.
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Alcohol. But I don't really care much for it either.  |
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I came here a few months ago, could you PM me with the new options you offer?
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I see what you're saying. It isn't too much of a bother to me, but it is a nice "break" from my routine. Besides, I actually have fun buying presents for my family. I see how it can get annoying or too intrusive, though.
So trips doubling in time when you just want to go out any buy some food doesn't bother you? Well, I buy most presents (if not everything) online, so that doesn't really happen to me. When I said buying presents for others was fun, I was mostly referring to the part where they open them, not the actual buying process. That can sometimes get tedious. |
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lol. Sure.
New topic: Science: Good or bad.
My stand: Bad
Science is bad for society because it makes sense. I think if someone picks a serious topic, I would thoroughly enjoy debating through it. Say, global warming? |
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I see what you're saying. It isn't too much of a bother to me, but it is a nice "break" from my routine. Besides, I actually have fun buying presents for my family. I see how it can get annoying or too intrusive, though.
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Are you still selling these? I'd like another one.
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Are you still selling CS:GO keys? I'm certainly interested in a couple.
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