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Author Topic: Do you sometimes get irritated by excess bitcoin fees ?  (Read 231 times)
taufik123
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July 30, 2024, 09:15:17 PM
 #41

We really need to figure out a way to get rid of all of this, because if this rune or BRC20 type of stuff continues then we are going to get into a lot more trouble and the fee will keep on being a lot more higher.
-snip-
Eliminate it?
I don't think that will be possible as long as they are also developing BRC20 or even the latest version, and it is now available with the Rune Protocol which is being developed.

Some updates that can be useful and good for the Bitcoin ecosystem do need to be done so as not to directly disrupt the ecosystem by typing too many transactions that occur.

Cost may be the main obstacle, but then the speed of delivery is the main thing.
I'm also not an expert in bitcoin or the network, but I'm a user of the bitcoin network from the beginning and know how bitcoin developed before and after BRC20 or Bitcoin layer 2 etc.

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July 30, 2024, 09:57:36 PM
 #42

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?
No one is okay with high transaction fees, it certainly annoys everyone. So if we are seeing it happening in the market, it's best not to make transactions and just wait for the market to be back to normal, otherwise you will only be selling or buying already quite a loss.

However, it's one thing that we can't get hold onto. So just accept it and leave the market if it's currently happening.

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July 30, 2024, 10:15:42 PM
 #43

Especially at times when there is so much congestion, the fees increase by large amount. For small transactions, the fees is more than the transacted amount. Does it irritate you sometimes or you are fine with it ?
No one is okay with high transaction fees, it certainly annoys everyone. So if we are seeing it happening in the market, it's best not to make transactions and just wait for the market to be back to normal, otherwise you will only be selling or buying already quite a loss.

However, it's one thing that we can't get hold onto. So just accept it and leave the market if it's currently happening.
Bitcoin high fees and network congestions have been one of the menace that have plagued this industry for a while now, and each time the network get congested resulting into high fees in the bitcoin network, it always leave a bitter experience for most active bitcoin users like in a situation were you are in dear need of your bitcoin and no matter how small the amount of bitcoin you want to send you get charged a high fees which is something that not many will be cool with me, although the network may get to a cleaner stage where no much attacks that could trigger any more of such network bad experience.

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